Latest Posts
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Risk and Uncertainty in Product Development
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Risk is kind of a negative word. We usually associate risk with bad things happening. We feel relieved if we have taken a risk and everything turns out okay. Companies hire specialists in risk management to minimize physical hazards and financial exposures. The Project Management Institute (PMI) talks about risk more as an uncertainty. There…
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Hybrid Project Management
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If your project management teams are struggling with time-to-market, consider applying Lean NPD principles or the WAGILE Product Development process. Read about WAGILE Product Development in Part 3 of The Innovation PROCESS Book. WAGILE integrates customer feedback continuously throughout the process but maintains the structure of stages and gates from waterfall to offer decision security…
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3 Ways to Supercharge Your Creativity
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Creativity is kind of a loaded word. Everyone wants to be creative, but many people are hesitant to test their creativity. A lot of people conflate creativity with artistry. Yet, we need creativity to design and develop new products. Innovation and creativity go hand-in-hand. Product solutions must be creative enough to offer alternatives to customers. …
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Mind-Mapping
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Innovation Tools: Mind-Mapping Innovation is a methodology that leads to improvements in technology, business practices, and the general state of society. At its core, innovation is a process to solve problems. In our occasional series on innovation tools, we have investigated both strategic and tactical techniques to enhance the new product development (NPD) processes. In…