Product Development

Schedule Prediction Accuracy. What’s New? Measuring schedules is not new, but using a simple graphical tool that allows you to quickly monitor performance to the initial plan and check key drivers tha

What is the Stage-Gate process for product development? The Stage-Gate Process divides product development into 5 stages where progress to the next stage is approved at the gate. Projects proceed to t

What is Product Development Life Cycle Management? The product development life cycle describes the 4 stages of a product's life: 1. Introduction, 2. Growth, 3. Maturity, 4. and Decline. It is fundame

Every business owner sets out to achieve one thing with their business: success. If there’s one thing that distinguishes successful businesses from unsuccessful ones it's innovation through New Produc

What is a Product Development Strategy? A product development strategy guides new product development or existing product changes to maximize sales. Product development strategy can be a subset of cor

What is a New Product Development Process? A New Product Development Process refers to the entire range of activities where a company conceptualizes and realizes a new offering, often based on emergin

New medical device development is the way for medical device manufacturers to encourage innovation and provide unique solutions to customer needs. However, in the medical industry due to strict regula

Software is a part of our everyday lives. It’s what runs our phones, computers, cars, and other products. But, despite the wider adoption and understanding of technology, as many as 19% of all softwar

Product development KPIs, or key performance indicators, are specific product management metrics that track and monitor business goals and give vital insights into the product development process. The

With the wider adoption of technology throughout industries, companies seem to be making more innovative products than ever before. The food industry seemed like the last place for a formal product de

The beauty industry is growing at a rapid pace. A report by Allied Market Research suggests that the global cosmetics market will grow to $463.5 billion by 2027 with a growth rate of 5.3%. With more a

New product development or NPD is the process by which businesses create new and innovative products for their customers with the hopes of gaining a competitive advantage. Businesses usually follow a

Creating electronic hardware is a difficult and often exhausting task. Most hardware startups fail due to unanticipated obstacles and product complexity. According to Forbes, as many as 97% of seed cr

Having an efficient long-term strategy is essential for businesses to expand and grow. Planning to expand and grow operations, however, is easier said than done which explains why 50% of small busines

New product development (or NPD) in the pharmaceutical industry can be a complex and difficult process. Statistics show that the R&D budget allocated for developing new drugs is five times higher than

The fashion industry is as fierce as ever, every dollar spent, at every stage matters. Fashion product development helps to create innovative products catered to customer needs to gain a competitive a

There are many things to consider when developing a new product in our digital world. Costs, legacy mainframe modernization, and scalability are all concerns worth thinking about. Chief among them oug

Technology has made it easier than ever to buy any product whenever and wherever you want. Likewise, the development of new tools and equipment means that businesses are more able to design and create

What is Lean Product Development (LPD)? Lean product development is a refinement in development methodologies based on cross-functional planning and collaboration. It eliminates non-value added activi

What is new product development (NPD)? New product development is the ideation, design, production, pricing, and launching of new products to your target customers to provide a solution that addresses

Teams are tasked with collecting product development metrics because they’re easy to gather rather than useful. Or they focus on validating whether they succeeded or failed instead of measuring the be

These product development templates are based on real life examples, and have been tested in the field with clients on multiple engagements. We often are stuck when first getting started working on a

These product development templates are based on real life examples, and have been tested in the field with clients on multiple engagements. We often are stuck when first getting started working on a