PRTM is a

management consulting Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultant ...

subsidiary of

PwC PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting ...

. The firm's business centers on the areas of operational strategy, supply chain innovation,

product innovation Product innovation is the creation and subsequent introduction of a good or service that is either new, or an improved version of previous goods or services. This is broader than the normally accepted definition of innovation that includes the i ...

, and customer experience innovation. PRTM works in these industry sectors: automotive, aerospace and defense, chemicals and process industries,

telecommunications Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...

, consumer goods and retail,

electronics The field of electronics is a branch of physics and electrical engineering that deals with the emission, behaviour and effects of electrons using electronic devices. Electronics uses active devices to control electron flow by amplification ...

energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat a ...

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

healthcare Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

public sector The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, infra ...

semiconductor A semiconductor is a material which has an electrical resistivity and conductivity, electrical conductivity value falling between that of a electrical conductor, conductor, such as copper, and an insulator (electricity), insulator, such as glas ...

, and

software Software is a set of computer programs and associated documentation and data. This is in contrast to hardware, from which the system is built and which actually performs the work. At the lowest programming level, executable code consists ...

History

The firm was founded in 1976 in

Palo Alto Palo Alto (; Spanish for "tall stick") is a charter city in the northwestern corner of Santa Clara County, California, United States, in the San Francisco Bay Area, named after a coastal redwood tree known as El Palo Alto. The city was estab ...

California California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...

. When the firm added eastern

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

operations in 1977, it was incorporated as Pittiglio, Rabin, Todd & McGrath after its founding partners Theodore Pittiglio, Robert Rabin, Robert Todd, and Michael McGrath. Today, the firm is known as PRTM. On June 24, 2011,

PricewaterhouseCoopers PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting ...

(PwC) acquired PRTM and the deal closed on August 22, 2011. The firm began benchmarking business performance for its clients in 1982. PRTM's international expansion started in 1985. In 1988, PRTM created the "Product and Cycle-time Excellence" (PACE) framework to provide companies with a multidisciplinary approach to innovation. PRTM co-developed the "Supply-Chain Operations Reference-model" (SCOR) with the

Supply-Chain Council APICS, currently known as the Association for Supply Chain Management is a not-for-profit international education organization offering certification programs, training tools, and networking opportunities to increase workplace performance. Fo ...

in 1996. In 1997, the firm launched a subsidiary, The Performance Measurement Group,

LLC A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a ...

(PMG).

Bibliography

*''Making Innovation Work: How to Manage It, Measure It, and Profit From It'' (by Tony Davila, Marc J. Epstein, and Robert Shelton,

Wharton School The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in P ...

Publishing, 2005, ), *''Strategic Supply Chain Management: The Five Disciplines for Top Performance'' (b
Shoshanah Cohen
and Joseph Roussel,

McGraw-Hill McGraw Hill is an American educational publishing company and one of the "big three" educational publishers that publishes educational content, software, and services for pre-K through postgraduate education. The company also publishes referenc ...

, 2004, ), *''Strategic IT Portfolio Management'' (by Jeffrey Kaplan, PRTM, 2005, ), *''Next Generation Product Development: How to Increase Productivity, Cut Costs, and Reduce Cycle Times'' (

, 2004), *''Setting the PACE in Product Development: A Guide to Product And Cycle-time Excellence'' (by Michael E. McGrath, Butterworth-Heinemann, rev. ed. 1996, ), *''Voices into Choices: Acting on the Voice of the Customer'' (by Gary Burchill and Christina Hepner Brodie, Joiner Associates, 1997, ), *''Product Strategy for High-Technology Companies: How to Achieve Growth, Competitive Advantage, and Increased Profits'', (by Michael McGrath,

, 2nd ed., 2000, ).

References

{{DEFAULTSORT:Prtm Consulting firms established in 1976 International management consulting firms Privately held companies based in Massachusetts Companies based in Waltham, Massachusetts Macroeconomics consulting firms Management consulting firms of the United States PricewaterhouseCoopers 1976 establishments in California