What are the six elements of The Development Framework?
What two areas are important for the success in new product development?
What are the three biggest challenges of the development funnel?
What are the three different models of Development Funnels?
Model I: R&D driven, survival of the fittest. A grass roots, bubble up model in which development is driven by R&D
Model II: A few big bets. A top down model common in small, entrepreneurial start-ups, in which the firm bets on a single project
Model III: Innovative and focused. A combination of Model I and II with the screening and phases of II and the focus on big bets of I
What is the definition of a project?
A “Project” is defined as a set of tasks to achieve stated objectives, with complexity and uncertainty, where cross-functional teams are needed. A “Project” is unique and temporary
What are the three project classes (sizes), what do they mean and what is an example of a project?
A - Project large, strategic
* Strategic and/or high risk projects or new product or new application. E.g new product (Lead time over 12 months)
B - Project medium
* E.g engine exchange (Lead time under 12 months)
C - Project small
* E.g new option for product (Lead time less than six months)
What are the five project categories?
What does the waterfall model mean and what are its’ components?
The Waterfall model is a sequential model for product development that starts from idea and ends in a final product. Its components are Idea - Analysis - Design - Development - Test - Final Product
What is important to keep in mind when it comes to time and cost of projects?
The more a project progresses, the more expensive it is to perform a change
What is the viewpoint of The Stage-Gate model?
The Stage-Gate views New Product Development (NPD) as a process and any process can be redesigned to be faster and more effective
What is the game plan of the Stage-Gate model?
To break the process of moving from idea to successful product into a series of stages or phases where each stage is preceded by a gate (which is a decision point for go/kill)
What is the common format of the gates presented in the Stage-Gate model and what do they mean?
Input - Criteria - Output
* Input: Prescribed list of deliverables that the project leader must present at gate
* Criteria: A set of hurdles, criteria or questions that project is judged on
* Outputs: The decision of Go/Kill/Hold/Recycle with an approved action plan
What is a Tollgate (TG)?
A tollgate is a review of the business case and a business-like decision point where the project sponsor may stop the project
What is a Milestone (MS)?
A decision point where the progress of the project is reviewed. The decision to pass or not is made by the product itself. The outcome of the milestone serves as an input to the tollgate decision
What is the definition of AGILE?
AGILE is a method of project management (used most frequently in software development) that is characterised by the division of tasks into short phases of work and frequent reassessment and adaptation of plans
What are the four values of the Agile manifesto?
What are the key differences in project contra sprint planning?
Project planning:
Project managers are responsible
Centralised
Sprint planning:
The team is responsible
Decentralised
What are the two central agile principles?
What are the three roles of SCRUM and what do they do?
What are the four events of SCRUM and what do they include?
What are the three artefacts of SCRUM and what do they mean?
How long should a sprint be?
1 - 4 weeks
What does a decentralised planning imply?
A shift from vertical coordination to horisontal coordination
What is set-based concurrent engineering?
Set-based means multiple projects and concurrent means at the same time. SBCE is a method for keeping expensive changes to a minimum by having multiple ongoing projects