How to Speed Up Your New Product Development Process by 30%

Innovation 360 Group

A new product development process that works at lightning speed requires new ways of working plus new ways of innovating. In this post we will cover how to: Cut your development cycle time and free up working capital. Using the Horizon Model enables businesses to make appropriate investments in the development of new ideas and cascade them from conceptual to practical products systematically while mitigating risks. Tips from top new product developers.

Product development: From hypothesis to experiment

etventure

Product development is confronted with the constant challenge of supplying the customer with a product that exactly meets his needs. In our new blog series, etventure’s product managers provide an insight into their work and approach. The focus is on hypothesis-driven product development. Formulating good hypotheses is essential for successful product development – as we have shown in the first part of our series.

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Three Keys To Meeting The Challenge of Multi-Platform Product Development

Innovation Excellence

Each platform has its own development team, its own Program Manager and its own Project Manager. collaboration culture Customers Design Innovation Management Product Innovation R&D agile Cross Functional Alignment Cross Platforms Development TeamsScenario: A technology company is creating a consumer electronics solution that involves hardware, software and web components.

How Corporations Can Manage New Ventures and University Projects as Extensions of their Advanced Product Development

Corporate Innovation

While these models of advanced work led to so many innovations and created tremendous broad economic value, though not always to the lab’s corporate owner, it is clear that large scale, insulated corporate research is no longer the most common model for entering new markets or developing technologies of the future. In this manner, companies are now more symbiotic with new ventures and university research projects than ever before. Make a list of your internal innovation projects.

How Corporations Can Manage New Ventures and University Projects as Extensions of their Advanced Product Development

Corporate Innovation

While these models of advanced work led to so many innovations and created tremendous broad economic value, though not always to the lab’s corporate owner, it is clear that large scale, insulated corporate research is no longer the most common model for entering new markets or developing technologies of the future. In this manner, companies are now more symbiotic with new ventures and university research projects than ever before. Make a list of your internal innovation projects.

How Corporations Can Manage New Ventures and University Projects as Extensions of their Advanced Product Development

Corporate Innovation

While these models of advanced work led to so many innovations and created tremendous broad economic value, though not always to the lab’s corporate owner, it is clear that large scale, insulated corporate research is no longer the most common model for entering new markets or developing technologies of the future. In this manner, companies are now more symbiotic with new ventures and university research projects than ever before. Make a list of your internal innovation projects.

Process Development Guidelines – Implementing a Project Portfolio Management Process

Bubblegroup

Project Portfolio Management process development guidelines. Implementing a Project Portfolio Management process. Implementing an effective Project Portfolio Management process doesnt have to be arduos. At its simplest level, your project portfolio management process needs to focus on control of your project pipeline and the balancing of resources to maximize returns (within the constraints of the resources available to you). Project.

Free White Paper – Project Portfolio Management after mergers and acquisitions (M&A)

Bubblegroup

Maintaining momentum in the Product Development pipeline after mergers and acquisitions (M&A). How to align portfolios, projects and processes when all that you have in common is difference. In this outcome-focused white paper, we illustrate the steps required to align, harmonize and compare projects on equal terms within a merged (post-M&A) Project Portfolio. The impact of mergers and acquisitions (M&A) on legacy projects. Project.

Podcast S3E64: Jonathan Courtney – What it takes to build a successful digital product

Idea to Value

We speak about what it takes to run successful workshops, his experiences with companies who are failing at innovation, and how to successfully develop digital products. 00:03:30 – The tension behind building products for months and misalignment causing them to go nowhere. 00:05:30 – The power of Design Sprints to speed up project starts. 00:12:00 – How digital product innovation has changed over the past 10 years.

What Types of Innovation Projects Should Be Included In Your Portfolio?

Innovation Excellence

Question: We’re a very large, well-known consumer products company, and our portfolio is actually quite complex, as we have many different types of initiatives included, all at vastly different stages. In fact, we often debate whether certain projects should be included at all. Do you have any leading practices related to defining what should be.

Free White Paper – Project Portfolio Management after mergers and acquisitions (M&A)

Bubblegroup

Maintaining momentum in the Product Development pipeline after mergers and acquisitions (M&A). How to align portfolios, projects and processes when all that you have in common is difference. In this outcome-focused white paper, we illustrate the steps required to align, harmonize and compare projects on equal terms within a merged (post-M&A) Project Portfolio. The impact of mergers and acquisitions (M&A) on legacy projects. Project.

Getting to the Root Cause of Project Headaches

Innovation Excellence

Scenario: a product development team at a medical device company had a testing phase that ran far longer than expected. This delay rippled throughout the project and had serious implications downstream. After the project was complete, the team leader wanted to go back and figure out why the test phase had not gone as planned. collaboration Design Innovation Management Product Innovation R&D root cause analysis Root causes

Defining Portfolio Scope: Is it Necessary for Effective Portfolio Management?

Innovation Excellence

Many of our clients ask if they need to specifically define what projects, products or offerings should be included in their product portfolios and what should be left out. Innovation Management Product Innovation Strategy Decision Making new product development NPD Portfolio Management Portfolio Optimization Portfolio Pipeline Management Portfolio Prioritization Portfolio Review Portfolio scope Portfolio Views PPM PPM Tools Product Development

Innovation Roadmaps: What Are They Good For, Anyway?

Innovation Excellence

At the heart, product roadmaps show the major milestones of a project’s lifecycle. Maintaining Product Roadmaps is a useful discipline in just about any organization that has more than one product. But aside from capturing product timelines, what good are they? Innovation Management Product Innovation R&D Strategy Product Development Product Roadmap product strategy

Digital Transformation and Its Impact on New-Product Management for Manufacturers

InnovationManagement

For the manufacturer undertaking new-product development, Digital Transformation means smart new products with embedded software. Digital products in turn require software and hardware development teams to work together – a hybrid project – which ultimately leads to combining software development methods with the more traditional gating process that manufacturers use.

How Integrating EVM and Risk Management May Provide Better Project Control

AureaWorks

One of the biggest challenges for a program manager is to maintain control of projects. Scope creep, overspending, missed deadlines and lack of communication are all common pitfalls to project completion. Being able to reliably anticipate project performance to overcome these challenges is an invaluable asset for program managers. Jonas and Bones posit that EVM and RM complement each other and deliver more holistic project management as a combined discipline.

Stop Slowing Down Your Innovation Projects

Peer Insight

Companies that aren’t optimized for speed often don’t generate the returns on innovation and product development that they’re looking for; in fact, 42% of global innovation executives believe their development times are too long and cite it as the largest barrier to success. We all want to be the first to market, but no one wants to burn gas on an idling project — nor have an explosion. And I would say, ‘OK, I’m not starting the project.’

Growkomp project yields a promising model for regional transformation projects

Innovation 360 Group

Growkomp was managed by Nässjö Business Development in partnerships with Vaggeryd Business Council and the Business Unit of Jönköping Municipality. Practical challenges included skills supply issues, and the need for concrete tools for innovation and business development. This ambitious development project was launched in 2016 with 8.2 Some of the other highlights included reduced energy consumption and shortened product development cycles.

Leveraging Suppliers for Innovation

Innovation Excellence

Recently, I was flown to the West Coast with a client to co-present the findings of a few innovation projects. Innovation market-besed procurement Product DevelopmentOne of the greatest thrills of a career is when you see a nice client thrive and prosper. We had an esteemed audience SVPs of marketing, procurement, sales, and a few VPs, too. At the.

If you don’t know the critical path, hire a good project manager.

Mike Shipulski

Once you have a project to work on, it’s always a challenge to choose the first task. When you are late by one day on a critical path task, the project, as a whole, will finish a day late. If you are late by one day and the project won’t be delayed, the task is not on the critical path and you shouldn’t work on it. If a similar project has been done before, ask the project manager what the critical path was for that project.

What Is Business Intelligence?

Collective Innovation

Business Intelligence turns your data into actionable information allowing you to make decisions that increase the likelihood of successful new products, sales programs and marketing efforts. If you’re creating a new product historical data can provide a good measure as to what costs and revenue can be expected. Anything that can help illustrate what the impact of a new course or product may be. What exactly drew them to purchase your product over others?

Missing Your NPD Targets?

Innovation Excellence

Capacity planning is standard for manufacturing, but many companies don’t diligently capacity plan their new product development (NPD) pipeline, and some expect managers to just “figure it out”. Later, they wonder why their projects are consistently late or miss target market windows. Continue reading → Product Innovation Barbara Schick Lee Peterman new product development New Product Development Execution NPD NPDE Resource Allocation Resource Management

How to Make Your Design Thinking Program Turn Into Something Real

InnovationManagement

Why do a large part of the design thinking projects in the corporate world never pass through the prototype phase? Many of them related to the development of new products inside large companies in industries such as finance, health, education and consumer goods. Life Cycle Processes Strategies design design thinking ideation IDEO innovation culture innovation method methodology organization & culture product development prototyping rapid design processes

3 Innovative Projects with Ideanote to Get '19 Started

Ideanote

An Ideanote project can help you with that. We’ve picked out three of the most interesting Ideanote projects, with our best tips and tricks on each. And you guessed it, open innovation in an excellent Ideanote project to get started with. For example: Innovate products and services - Want to invent the next Big Mac? Actually, radical product innovations stem from open innovation that invites customers or partners. Today's third Ideanote project.

An Open Letter to Project Managers

Boxes and Arrows

Dear Project Managers, It has been a very enjoyable experience working with everyone over the last couple of months and sharing our ideas on UX design. The various discussions about user interface, product usability, and user engagement have been an enlightening experience for me as well, and it is very positive to see that everyone involved in the product thinks so highly about improving the user experience.

Case Study: Regional SME Development Project Brings Innovation Lift to Manufacturing Hub

Innovation 360 Group

These businesses are close to the action and markets, allowing them to easily adopt a need-seeker approach, a strategy highly correlated with radical innovation, the kind that shakes up markets and innovates from the inside out—from operations and processes though to business models and products. The EU funded-development project was launched in 2016 with 8.2 The project included: A complete 360 digital analysis and assessment, including market position and financials.

Four Reasons to Take a Rapid Prototyping Approach to Your PLM Implementation

Innovation Excellence

Many companies view product lifecycle management (PLM) implementations the same old way they’ve viewed enterprise system implementations (like ERP) for years. The waterfall approach, which originates from very structured project methodologies in the manufacturing and construction industries, is a linear and sequential approach to software implementations.

How a (crowdsourced) idea becomes a product

Betterific

Sterilite launches crowdsourced product. Sterilite , the industry leading manufacturer of plastic storage containers, launched their first ever crowdsourced product idea to the marketplace. . Their “fresh scent” line of products includes a ventilating compartment to keep clothes smelling fresh during storage. Why did Rich Ahern, VP of marketing and product development, from Sterilite pursue a crowdsourcing path to product development ?

Learn from the Best: Google’s Nine Principles of Innovation (Part 1 of 2)

Robert Brands

Exploring Google’s Successful New Product Development and Innovation Process. So how does Google promote a culture of innovation and ensure that innovative ideas are properly implemented, creating profitable new products that position the company for long-term success? For example, at Google it was their Google Health product manager who suggested that the company optimize information on suicide prevention hotlines whenever a related search was conducted.

Why Technology Is Important For Organizational Change

AureaWorks

Ralph Rio , vice president of Enterprise Software at ARC Advisory Group, argues that technology provides consistency and can help accelerate change programs to new levels of productivity. A few of the key goals of continuous improvement are to increase productivity, improve quality, maximize value, lower costs and decrease delivery times of projects. Such software automatically adjusts the project baseline per the approved change, and then automatically adjusts workflows.

The Myth of the First-Mover Advantage: Why to be Smarter, Not Faster

New Markets Advisors

Finally, assuming you’ve decided that the opportunity is a good fit for the organization, it’s important to develop a go-to-market plan that focuses on the details. But what often gets overlooked are the internal factors that can ultimately derail a project after a long period of investment. Has leadership from the relevant business unit been involved so that they’re not surprised by the project? Who will ultimately staff the project, and where does that headcount come from?

For innovation to flow, drive out fear.

Mike Shipulski

When the team is accountable to deliver on a project but are constrained to a fixed scope, a fixed launch date and resources, they will be afraid. From the very first day of the project, they know they cannot be successful and are afraid of the consequences. Keep the team small and keep them dedicated to a single innovation project. To understand the causes and conditions that create fear, look back at previous projects.

How EVAS Can Facilitate Organizational Agility

AureaWorks

Organizational agility is often supported or hindered by an organization’s project management methodology. EVM provides program managers with advanced project data that can help them make more informed decisions and adjustments as needed based on real-time data. Thus, organizations that use EVM for project management are more suited to an agile environment. And the concept of encouraging change throughout a project is scary for traditional program managers.

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Hands-On or Hands-Off?

Mike Shipulski

The hands-off leader must make the time to know the GPS coordinates of the project and then do reconnaissance work to identify the positions of the quagmires and quicksand that lay ahead. And in that case, the leader lets the team march it’s project into the mud. The leader calls a special meeting where the team presents the status of the project and grounds the project in the now. Either way, its vital the team knows they own the project.

Who’s Really Sitting at the Top of Every Organizational Chart

CorporateIntel

It’s a wild, energetic, real-time experiment in organizational development that is already being praised and criticized from inside and outside the company. If you’ve spent any time with me in product development, you know I like to quote the sometimes overused phrase, “People in companies get stuff done in spite of org charts, not because of them.”

Woulda-Coulda-Shoulda Innovation

Gregg Fraley

How about four projects, one per quarter, next year? Each project starts with a blank page and ends up with pitches to the top decision maker. Each project takes one quarter of the calendar. Consider alternating projects between incremental innovation and bigger risk innovation. Each cycle or project progresses from a blank page, to a platform question, to ideation, to convergence, to pitch presentations. Time to Plan for 2016 Innovation Now.

The 10 Reasons People Buy New Products

New Markets Advisors

a theory that describes how consumers buy products to solve various jobs they’re trying to get done in their lives. I advocate for developing a rich understanding of consumers that allows companies to build successful products and market them in the right way. Yet entrepreneurs, marketers, product managers, and other innovators often get lost in the complexity of their businesses and their new ideas. Why do people buy new products? in a single product.

Is it novel?

Mike Shipulski

The best growth: sell new products or provide new services to new customers; next best: sell new to the same customers; next next best: sell more of the same to the same customers. When they develop useful newness before you and sell it to your customers (new customers for them), that’s not good. Create a block diagram of your business model, your most successful product and the service that defines your brand. Agree or not, companies think they have to grow to survive. (I

What if it works?

Mike Shipulski

One well known approach is the VC model where multiple projects are run in parallel. The trick is to start projects with the potential to deliver ultra-high returns. In a way, it’s like the VC Model, but it’s not a collection of projects run in parallel, it’s a sequential series of high return adventures punctuated by pivots. A set of high potential projects run in parallel, each using Lean’s build, show, refine method to learn at light speed.

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Five Ways to Fight the Inertia Holding Back Innovation

New Markets Advisors

They assume that the customers who are buying their products today will continue to buy from them as long as they do a reasonable job keeping up with the competition. They think that if they can get enough awareness about their products, they’ll be able to unseat the industry giants. Just because you build a great new product, it doesn’t mean that customers will come. Bring old products to new occasions. Project Kinect for Azure ?—?allows

The Art of Agile

etventure

In this article, etventure’s Head of Product Gregor Ilg will take a closer look at the buzzword “Agile” – and de-mystify Agile in a business context. Agile development has been around since the 90s, and became popular shortly after the turn of the millennium, when the Manifesto for Agile Software Development was formulated and signed by Kent Beck and 16 fellow software developers. If it is not applied properly, agile development can easily turn into chaos!

Agile 50

Why Innovation Isn’t Everyone’s Job

New Markets Advisors

Executives are constantly lamenting that new ideas only come out of “the labs” or “Product” when, in fact, the company is made up of thousands of people with great ideas. That’s not to say that there’s no room for innovation in departments that aren’t traditionally responsible for putting out new products. strategy shifts, Costovation initiatives) are classic opportunities for non-Product departments to get involved in innovation. It over-emphasizes product innovation.

Bubble® PPM grows technology development capability

Bubblegroup

. Bubble ® PPM grows technology development capability . Bubble ® , a leading provider of cloud-based Project Portfolio Management Software, today announced that Richard Carter has joined the company as Chief Technology Officer (CTO). In his role Richard will be responsible for overall application development, technology development, and product delivery. His accomplishments include hands-on development of market-critical platforms for, among others, J.P.