MDP116 - Accelerating Product Development Using Project Management
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Course description
Time to market can make the difference between business success and failure for many organizations. To achieve optimal time to market, an organization must accelerate its own processes while adapting to shifting market requirements. Learn proven techniques that you can apply to your next product development effort

Who should attend
Project managers responsible for new product development, engineering directors, and engineering program managers.

Prerequisites
Experience managing product development efforts, and basic financial knowledge is strongly suggested. (Business Management Skills for Project Managers).

What you will achieve

• An understanding of where and how time is wasted in most product development efforts, and what you can do to achieve faster time to market


• An understanding of best practices for accelerating product development, and how to apply them in your development organization


• The ability to organize senior management in the product development process


• Use critical chain scheduling and other best practices to accelerate development schedules

What you will learn

• Shortcomings of Common Product Development Efforts - Where time is lost during most development efforts, and how to avoid these traps on your next product development effort


• Identifying Best Practices - How successful companies deliberately manage product development as a competitive advantage


• Incorporating Best Practices into your Development Effort - How to define and manage various acceleration techniques, such as time boxing and prototyping, and accommodate these techniques with common project management tools


• New tools for Accelerated Development - Use critical chain scheduling and Design Structure Matrices as schedule acceleration tools


• Managing Evolving Requirements - How to structure the development project to accommodate both firm and dynamic product requirements