Free Library Catagory: Product Lifecycle Management

How to Manage Product-Line Performance: Part II

“Don’t expect what you don’t inspect.” It’s human nature to put something off until someone asks for it. That “ask” creates a deadline for results and signals that someone is interested and watching. The same principle applies to managing product-line...

How to Manage Product-Line Performance: Part I

In his 1962 book, The Success System That Never Fails, W. Clement Stone wrote, “Don’t expect what you don’t inspect.” It’s still true today.  It’s human nature to put something off until someone asks for it. That “ask” creates a deadline for results and signals...

The Truth about Your Product Development Schedule

You’re fixated on product development schedules. The time it takes to get a product to market is a big indicator of its commercial success. If you get to market faster you’ll: Save on development costs Get first mover advantage on your competitors Free up your best...

How to Pluck Profit From Product Structure

Congratulations! Management has approved the product plan. It’s time for engineering to start designing. First up - arrange the hierarchy of subassemblies on the yet to be born product’s family tree. Traditionally a capital equipment company’s engineering team will...

When to Kill Your Product Development Program

Have you experienced any of these with your newest product? The release is perpetually “next month.” Your target accounts aren’t interested. You keep losing to the competition. You’re barely breaking even on each sale. Capital equipment product development programs...

5 Ways to Accelerate New Product Time to Market

Almost every program review ends with the senior executive at the table asking: “Can’t we do it faster?” There’s a good reason. Getting a jump on the competition by introducing a new capability first translates directly into market share gains and premium pricing....

Help! Management Hates Phase Gate

It seems that it was just yesterday that the pressure was on to get product development under control. New product introductions were often late and the quality was inconsistent. "We need a cross-functional phase gate process for defining and developing new products!”...

Product’s Late. Now What?

Up until now your new product development program has been hitting all of its commitments. In program review after program review all signs point to an on-time, on-spec market introduction. Not only is program execution going well, there’s already strong market pull...

The Problem with Matrix Product Development Teams

Getting new capital equipment products to market fast requires a synchronized effort from a cross-functional program team. Resources for this team are typically drawn from functional organizations and headed by a dedicated program manager. This is a very efficient way...