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Results for: 2.1.5.3 Identify and refine performance indicators (x)
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Staying On Time and On Budget: The Keys to Profitable New Product Development

A major differentiator between top and bottom performers in new product development (NPD) is an organization's ability to complete projects on schedule and on budget.

Type: Best Practices and Business Drivers  Topics: New Product Development, Product Development, Product Management and Planning, Process Improvement, Business Excellence, Process, Process Management, Project Management  Processes: 2.1.4.1 Plan and develop cost and quality targets, 2.1 Manage product and service portfolio, 2.1.4 Confirm alignment of product/service concepts with business strategy, 2.1.4.3 Specify development timing targets, 2.1.5.3 Identify and refine performance indicators, 2.1.5 Manage product and service life cycle, 2.2.1 Design, build, and evaluate products and services, 2.0 Develop and Manage Products and Services, 2.2 Develop products and services 
  • Relevance: 81%
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Identify One Clear Owner for New Product Development

One of the best practices is to identify a clear process owner for NPD. The uncertainty of the success of new products should be the result of the products themselves, not the process used to develop them.

Type: Best Practices and Business Drivers  Topics: New Product Development, Product Development, Product Design, Product Management and Planning  Processes: 2.0 Develop and Manage Products and Services, 2.1 Manage product and service portfolio, 2.1.2.1 Identify potential improvements to existing products and services, 2.1.2 Define product/service development requirements, 2.1.2.2 Identify potential new products and services, 2.1.3.3 Assess feasibility of integrating new leading technologies into product/service concepts, 2.1.3 Perform discovery research, 2.1.4.4 Plan for product/service offering modifications, 2.1.4 Confirm alignment of product/service concepts with business strategy, 2.1.5.1 Introduce new products/services, 2.1.5 Manage product and service life cycle, 2.1.5.2 Retire outdated products/services, 2.1.5.3 Identify and refine performance indicators, 2.2 Develop products and services, 2.2.1 Design, build, and evaluate products and services 
  • Relevance: 75%
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