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Effective Decision-Making Matters!
- Effective, timely decision-making is essential.
- Effective and timely decision-making by both the leadership of the business and the product development project team is essential for managing time-to-market and product development speed.
- The decision-making process must include both the leadership of the business and the product development project team.
- Leadership Team Decision-Making
- The leadership team makes decisions for the business at review points so that the team can continue their work without delay.
- The leadership and whole project team meet to maximize communication and information sharing with the aim of having no delays at review points.
- There are only three types of decisions at review points:
- GO: The team may propose changes to the project plan. There is agreement on timing, deliverables and resources. The resources needed are provided for the team.
- STOP: The team is disbanded and assigned to other, higher priority projects.
- RETURN: Re-convene in a defined short time, e.g. 1 or 2 weeks, because something is missing or needs work to clarify.
- Product Development Project Team Decision-Making
- The product development project team makes decisions about project-related matters; that is they have operational autonomy within clear strategic goals for the business.
- This empowerment of the team has a significant effect on product development speed.
- High autonomy for project teams is particularly important for high novelty, exploratory innovation.
pgermeraad2022-04-29T16:10:42-07:00
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