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Project Management ++

 
Started by : Kiran Kumar Reddy, Business Analyst, SAP   09 11 2009 13:30:36 +0000
Industry : IT ProductsFunctional Area : Project Management(Technology)
Activity:  52 views;  last activity : 07 06 2010 20:18:09 +0000

     New product development (NPD) is a critical activity for many organisations. Since it is often central to continuing business success, it is important that activities relating to NPD be managed properly. Most organisations that are involved in NPD use aspects of project management to run their product development projects. What are the project technique and to what extent are they useful for NPD?

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1 NPD project Management through iterations
2 Project Integration Management
3 Simulation of real life scenarios...using Monte Carlo, GA etc
4 Innovation brainstorming technique for NPD

NPD project Management through iterations

idea posted by vasem want Head/VP/GM-R&D, 3i Infotech

NPD can be very tricky and needs to be handled carefully , espacially the requirements part, one needs to adopt agile PM techniques , and divide the team in fractions and do an iterative design and developement, if we do a modular developement this will try to keep the project mostly on track and any iteration which is off track can be helped within the teams , but here again the most tricky part is the requirement which may even come after you have finished the ieration so one has to be carefull to do the versioning which helps a bit in deffering that ieration to a incremental version, but the key lies in time and people management

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by Ajay Kashyap, Project Manager, Polaris Software  | 09 16 2009 10:16:48 +0000

By doing a modular development of NPD, it will keep the project mostly on track and any iteration which is off track can be helped within the teams. One should carefully versionise them to help in differing that ieration to a incremental version

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Project Integration Management

idea posted by Kiran Kumar Reddy Business Analyst, SAP

     In NPD projects, project management is more applicable to development activities (which can be planned and controlled) than to product conceptualisation (which can’t be planned or controlled). Usually companies may have more than one NPD project running simultaneously, often using common resources. In such cases resource management becomes important and starts allocating resources according to their priorities.

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by Puneet Maurya, Project Lead, Aftek  | 09 14 2009 12:57:52 +0000

I agree with Kiran. NPD is a new class of tools has emerged to support managing and serving as a repository for other documents that are not typically managed by a Product Data Management system. It is more applicable to developement activities than to product conceptualisation.

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Simulation of real life scenarios...using Monte Carlo, GA etc

idea posted by Shivendra Pandey Engineering Manager, RIL E&P Petrochemicals
Being in the most volatile business that is petrochemical Exploration such methods really help in ascertaining what to do next. To go on with the idea or simply drop the uneconomical crap which pass along our business line... Read more on the work and implement such tools to know certainty from uncertain ideas.
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Innovation brainstorming technique for NPD

idea posted by Jyoti Lecturer, CEPT University, Ahmedabad

Innovation brainstorming technique for NPD will help in identifying the demand based on new uses for new product.

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