By James P. Lewis
Speed-to-market is the main severe issue settling on the good fortune of recent items. James Lewis and Louis Wong, certainly one of modern so much entire venture administration writer groups, speak about often-overlooked rules that may make the variation within the endless race to be first and most sensible. they provide venture managers, engineers, and top-level choice makers the wanted instruments and strategies to:
- Establish an effective and well-grounded imaginative and prescient
- Turn that imaginative and prescient into an actionable street map
- Implement structures to help new methods
Read Online or Download Accelerated Project Management: How to Be First to Market PDF
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Additional resources for Accelerated Project Management: How to Be First to Market
While most companies prefer to develop new technologies and key components themselves, this may not be the optimal approach. To win the digital race, where technology change is swift and product life cycle is getting shorter, it is better to let the experts develop the new technologies while you leverage them to develop your products. However, this is easier said than done, especially if you have to cooperate with your key component supplier to define a future technology that is important to you but does not yet represent a clear The Product Development Race 15 market for your suppliers.
However, this two-dimensional approach almost always resulted in components inside the wing (for example) bumping into each other because they were located in the same place. This kind of interference is almost impossible to catch before a prototype is built, and then it is very expensive to correct. The 777 was designed using three-dimensional computer modeling, so that such interferences could be seen on screen before any hardware was built; and, naturally, corrections could be made as well. Without a doubt, this saved Boeing a lot of money.
The second benefit results from the first—because people put together their own plan, they are committed to it. ” This is actually counterintuitive. The more critical the time frame, the more important the plan becomes. It is when you have forever to get something done that the plan is unimportant.