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Is your product development process working?
Evaluating what works -- and what doesn't -- is the first step toward making improvements
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What information is needed to make a capital expenditure?
Do you have a pipeline of developed products from which to choose and launch?
How are decisions made to launch a new product? Who makes the decisions and when are they made?
Where are difficulties most often encountered in the current new product development process?
What are the good/valuable aspects about the way new product development is currently accomplished?
How well is your process working?
The next step in understanding your new product process is to measure or assess how well you are doing. The following list of questions may provide some insight.
For the last three years:
How many projects were undertaken? (both successful and unsuccessful)?
How long was each project active?
When and how were projects killed?
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