You don't need to draft BRD on documents now :)
February 01, 2019

You don't need to draft BRD on documents now :)

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Oracle PLM Cloud

We use Oracle PLM Cloud for a variety of projects within our organization. With a rich, differentiated set of capabilities to create, develop and manage the end-to-end innovation processes from ideation through to product development and project execution, Oracle Innovation Management Cloud is a best-in-class solution.

Pros

  • A disciplined, repeatable and scalable approach to innovation.
  • A stronger ideation pipeline.
  • Better alignment of product portfolio to corporate strategy.
  • Consistent satisfaction of customer needs.
  • Accelerated time to market/commercialization.
  • Improved innovation decision with real-time analytics.
  • Optimized resources/higher productivity.
  • Minimized waste associated with inefficient innovation processes.
  • Elimination of duplication and promotion of reuse.
  • Increased new product success rates.
  • Improved product launch performance.
  • Reduced developmental costs.
  • Increased shareholder wealth.

Cons

  • ROI calculation.
  • Product development cost automation.
  • The ROI has been positive for us.
  • I would recommend that all your data be stored in an accessible way as having multiple servers aligned to the tool can cause some issues.
You don't need to start from an idea (initial level) e.g. If you have an idea and you want to jump from idea to proposal or another level of the BRD phase on Oracle Innovation Management Cloud.

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