Managing the Cost of the Product Lifecycle Can Keep Development on Track

 

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New product or service development is essential for remaining competitive, but organizations are always looking for ways to keep costs down for the development and management of products or services. One potential strategy for this is to adopt lifecycle cost management processes.The potential benefits of these processes extend beyond reducing the costs. APQC's data shows that organizations using these processes launch more of their new product or service development projects on time.

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