• Leadership recognizes that the engineering team that supports the product line is probably the group most knowledgeable about the product, how it's made, and its weaknesses. It would seem that this ...

FMEA has several variants that allow for minimizing risk throughout product development. Design FMEA is a handy means of ...

More and more companies are collaborating on product development programs. The objective is to reduce production costs, make better use of skilled, specialist resources, and speed up the time to ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Product development is becoming increasingly complex as new technologies are introduced ...

This project attempts to answer the question, ‘What are the requirements for a theoretical project management tool that can manage product development projects?’ A case study in a biotechnology ...

How to Prioritize Product Development Projects. Creating a product doesn't always center on profitability. In fact, some companies purposely launch new products that make them little or no money.

During the development and launch of a new product, collaboration between departments and teams is key as it brings together different perspectives, leading to more creative and innovative solutions.

For the development project itself, the most important dimension tends to be market analysis. Companies can pour large amounts of cash into research and development to find new features to add to ...

As we show in our recent paper, “Subcontracting New Product Development Projects: The Role of Competition and Commitment”, the decision should be based on a holistic view of the project and its supply ...

A survey reveals what companies measure to characterize and benchmark product-development projects. Product development is key to business success. It determines every new product's final cost ...