The answers to these questions vary as a project proceeds along the Stage/Gate or Agile/Lean Sprint process. For the Stage/Gate process, the “Technology Commercialization Stages” figure shows what is expected at the end of each stage. Thus question answers evolve in sophistication and detail as the project proceeds to commercialization. At the end of each review however the Governing or Management Team must have a good feel for:
- How Active an Area of Research Surrounds the R&D Project?
- How Do the Project’s Innovations Distinguish Themselves From Known Prior Art?
- What Are the Preliminary Strengths, Weaknesses, Opportunities and Threats Posed by Alternative Technical and Business Approaches?