Project Management for New Product Development

Effective management of New Product Development (NPD) plays a key part in the growth of many small businesses. In today’s highly competitive environment, the delivery of new products on time, at the right cost and to the customer’s required quality level is imperative. Speed to market is critical and only those organisations that can effectively manage their new product process from ideation to delivery will truly harness the innovative potential of the business. An understanding of the fundamentals of NPD combined with Project Management good practice helps equip small, innovative businesses with the tools needed to support growth. It also increases confidence to the point where managing a constant pipeline of new products to market becomes the norm.