University of Oulu

Arto Tolonen, Marzieh Shahmarichatghieh, Janne Harkonen, Harri Haapasalo, Product portfolio management – Targets and key performance indicators for product portfolio renewal over life cycle, International Journal of Production Economics, Volume 170, Part B, 2015, Pages 468-477, ISSN 0925-5273,

Product portfolio management : targets and key performance indicators for product portfolio renewal over life cycle

Saved in:
Author: Tolonen, Arto1; Shahmarichatghieh, Marzieh1; Härkönen, Janne1;
Organizations: 1Industrial Engineering and Management, University of Oulu, P.O. Box 4610, FI-90014 Oulu, Finland
Format: article
Version: accepted version
Access: open
Online Access: PDF Full Text (PDF, 0.7 MB)
Persistent link:
Language: English
Published: Elsevier, 2015
Publish Date: 2019-12-03


The main purpose of this study is to widen the scope of product portfolio management (PPM) targets and key performance indicators (KPIs) to cover all phases of the product life cycle. Earlier research mainly covers PPM performance management within new product development (NPD) life cycle only. In addition, current challenges relating to PPM performance management over product life cycle are studied.

The research method includes current state analysis based on both a thorough literature review and analysing ten case companies that represent hardware (HW), software (SW), services and solutions type businesses. The contribution is discussed and validated by a focus group consisting of all the case companies before making final conclusions.

The principal results of this study include the potential framework for managing product portfolio renewal over the entire product life cycle based on strategic, tactical and operational performance measures. The PPM performance management, its business impact and connection to business processes and performance management dashboard are discussed.

The role of PPM as a means of executive level dynamic performance management and decision making sets further questions for researchers’ for systematic product portfolio definitions, governance models, processes and tools over product life cycle.

see all

Series: International journal of production economics
ISSN: 0925-5273
ISSN-E: 1873-7579
ISSN-L: 0925-5273
Volume: 170
Pages: 468 - 477
DOI: 10.1016/j.ijpe.2015.05.034
Type of Publication: A1 Journal article – refereed
Field of Science: 222 Other engineering and technologies
Copyright information: © 2015. This manuscript version is made available under the CC-BY-NC-ND 4.0 license