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össur annual report2009 - Euroland

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project<br />

management office<br />

engineering<br />

date in modern prosthetics. Össur offers a total solution<br />

of prosthetic products, such as interfaces, feet, knees and<br />

componentry. Five prosthetics products were launched<br />

in 2009.<br />

coMpression therapy<br />

Össur entered into the compression therapy market in<br />

December 2006 with the acquisition of the French company<br />

Gibaud. Gibaud has been developing compression<br />

therapy products, such as stockings, socks and bandages<br />

for over 75 years. Össur’s compression therapy products<br />

are renowned for their therapeutic effect, comfort<br />

and esthetics. In 2009, five products were launched in<br />

the compression therapy line.<br />

product<br />

management<br />

r&d<br />

functions<br />

intellectual<br />

property<br />

biomechanical &<br />

medical platforms<br />

proJect ManageMent office<br />

Össur R&D project portfolio management involves<br />

selecting and prioritizing projects to ensure alignment<br />

to the Company’s overall strategy, and with the objective<br />

to maximize value and minimize risk.<br />

Project portfolio is managed by Össur’s proprietary selection<br />

model. It consists of several parameters, each carrying<br />

different weight, that are used to determine project<br />

viability. It also contains constraint parameters, in order<br />

to assure balance in the project portfolio. A parameter’s<br />

weight is determined by applying analytical hierarchy<br />

procedure (AHP) methodology and is reviewed <strong>annual</strong>ly<br />

by Össur’s executive team in line with the Company’s<br />

overall strategies.<br />

23 <strong>annual</strong> report 09

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