The most frequently implemented project management process for the Agile philosophy. Scrum utilizes a set of fixed time length processes with key roles of the product owner, Scrum master, and Scrum team to develop a new product iteratively by delivering high-value increments to the customer continuously. For more details, please
An individual team leader who applies knowledge, skills, tools, and techniques to project activities in order to meet project goals and requirements. In comparison to a product manager, a project manager is a temporary position that lasts from the inception of the NPD project until commercialization and post-launch reviews are
Often defined as resources in the context of capacity planning. Capabilities are the activities and functions performed by or acted upon by the organization’s resources. Also known as “competencies”. Find more terms and resources for New Product Development here.
Used interchangeably with “product development” or “new product development”. Product innovation is the creation of a good or service and its subsequent market introduction utilizing new features, technologies, ideas, or business models, including the transfer of existing products, features, and attributes into new markets, applications, programs, or uses. For
Also known as “capability planning”. Evaluating and analyzing the skill sets and effective resource capacity of an organization to manage new product development projects effectively. Resource planning for capacity is an expected outcome of Product Portfolio Management. Find more definition for product innovation at the NPD Glossary.
The year 2020 will go down in record books as one of the most financially challenging business environments. Dozens, if not hundreds or thousands, of businesses have lost customers and many may not ever recover from shutdowns when governments determined their activity was “non-essential.” I’m of the opinion that if
We are entering the second quarter of the calendar year as we move into the month of April. Normally, Easter is a time for joy and community celebrations. But what most adults have defined as “normal” will probably not ever occur again in our lifetimes. Yet as innovation professionals we
I recently facilitated a two-day innovation workshop for a client in Germany. It was a really fun group and the team was committed to advancing new products. They welcomed learning both strategic theory and operational practices to succeed with innovation. My key takeaway from this creative workshop was a continued
Product managers and new product development (NPD) practitioners have unique and original career paths. Most of us find work in innovation exciting and rewarding but the pathway to a career as a product development professional is not the same for any two people. Many product managers come to their position
Before the time of GPS, Siri, and map applications, we used to consult road maps to plan trips. I still like to look at a paper map or wide scale view of a city so that I have the “big picture” in mind when I travel. Road maps give me