Before moving on to the best ways to manage technical projects it is helpful to divide them into several categories. Many classification schemes exist that is the generally accepted breakdown is divide R&D and new business development projects into three main types. Types, Categories or Horizons of R&D The “Types, Categories or Horizons [...]
Low overall R&D project commercialization rates prompted Robert Cooper and others to start benchmarking NPD best practices. These were reported in Research Technology Management, February 2004. In their studies they listed 17 best practice topic areas going all the way from ideation through to commercialization. In this work 113 measures were studied across [...]
Attrition of New Business Development Projects The desire to structure innovation processes is driven by the attrition of NPD projects as they proceed toward commercialization, see the “Attrition of New Business Development Project” figure. On average it takes between 1-3000 ideas to create one commercially successful product. This low success rate has prompted [...]
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