Latest Posts
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Managing Time and Hybrid Project Schedules
Read more: Managing Time and Hybrid Project SchedulesI believe that time is our most precious resource. Once it is spent, it cannot ever be recovered or replaced. minute of laziness and sloth-like behavior may cost 10 minutes of productivity, so time even has a multiplier effect. Wasted time costs not only production but impacts those around us as well. Project Management Schedules…
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Risk and Uncertainty in Product Development
Read more: Risk and Uncertainty in Product DevelopmentRisk 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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Rules for Collaborative, Creative Teams
Read more: Rules for Collaborative, Creative TeamsI am not a big fan of rules. I suppose it’s because my mother had a lot of rules while I was growing up. Some of them, in retrospect, were to help keep the house clean and running efficiently. But some of her rules made no sense at all – even when I view them…
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Simplified Market Research Tools
Read more: Simplified Market Research ToolsNew product development (NPD) is the art and science of converting nascent ideas into commercial products and services that deliver value to the consumer as well as the producer. We seek new technologies, new markets, and new applications through product development. In particular, we must ensure alignment between product benefits and features. Typically, we identify…
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Why Product Development is Like a Bank Loan
Read more: Why Product Development is Like a Bank LoanLoans among friends can quickly impact their friendship in a negative way. I have learned that loaning a book to a friend really means giving them the book. Not intentionally, people lose or damage the items they have borrowed so they cannot return them. (Or are embarrassed to admit it.) My dad was a CPA,…
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Managing Exceptions in Product Development
Read more: Managing Exceptions in Product DevelopmentIn the summer of 2022, I had the privilege of speaking at the Houston PMI Annual Conference. It was really terrific to be back in person after the long break for Covid and to meet old friends. It was also rewarding to meet new friends over coffee, at lunch, and during breakout sessions. In the…
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Hybrid Project Management
Read more: Hybrid Project ManagementIf 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
Read more: 3 Ways to Supercharge Your CreativityCreativity 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
Read more: Mind-MappingInnovation Tools: Mind-Mapping Image courtesy of Geralt Altmann of Pixabay 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…