New way of product development

Today is the era of fast-paced world and competitive world.

Companies are realizing that the old sequential approach to developing new products won’t get the job done and product can’t be reached to market when compared to competitors.

The 4 stages of product development are as follows – R&D, Growth, Maturation, and Decline.

Instead of sequential approach, companies are using holistic approach – as in rugby game, the ball gets passed within the team as it moves as a unit up the field.

This holistic approach has six characteristics:

1) Build-in-instability

2) Self-organizing project teams

3) Overlapping development phases

4) Multi-learning

5) Subtle (very clear and strong) control

6) Organizational change to explore and learning

The above six characteristics forming a fast and flexible process for new product development with advantage of act as a change agent, creative, market driven ideas, flexible organization.

Many companies accepted importance of high quality, low cost, flexibility to adopt changes and unique product features to excel in today’s competitive market.

In this new approach, the product development process emerges from the constant interaction of hand-picked and multidisciplinary team whose members work together from start to finish.

The product development team engages in iterative experimentation, this goes on in even in the latest phases of development process to adopt to today’s competitive market.

This approach is essential for companies seeking to develop new products quickly and flexibly.

One more important note is the products are developed by multiple teams by the multiple software development vendors for the product company.

Few of the companies adapted to the new product development process are Xerox, Canon, Honda, Epson, HP, 3M.

Comments

Certified Enterprise Architect Professional (CEAP) - Module 5 - Architecture Frameworks

Architecture Frameworks: An Architecture Framework is a theoretical structure that has the purpose of developing, executing, and maintaining an Enterprise Architecture. Advantages of EA framework: Simplify Breaks down areas of the business process Organise business components and create and identify relationships between business Determine the scope Customization in the existing framework Disadvantages of EA framework: Need to follow process Provides only direction and not information It's based on goal and objective Need creativity and proactive thinking Zachman Framework: The Zachman Framework is a widely used model in Enterprise Architecture (EA) that provides a structured way to classify and organize an organization's information infrastructure by defining different perspectives from various stakeholders, allowing for a holistic view of the enterprise and facilitating alignment between business needs and technology solutions; essentially acting as a template to organize arc...

Daily Agile Scrum stand-up meeting guidelines

Followers of the Scrum method of project management will typically start their day with a " stand-up meeting ". In short, this is a quick daily meeting (30 minutes or less) where the participants share the answers to the three questions with each other: • What did I accomplish yesterday? • What will I do today? • What obstacles are impeding my progress? Some people are talkative and tend to wander off into Story Telling . Some people want to engage in Problem Solving immediately after hearing a problem. Meetings that take too long tend to have low energy and participants not directly related to a long discussion will tend to be distracted. These are the minimum number of questions that satisfy the goals of daily stand-ups. Other topics of discussion (e.g., design discussions, gossip, etc.) should be deferred until after the meeting. Here are few tips for running a smooth daily meeting: • Everyone should literally stand-up and no one should sit down ...

Empiricism (Scrum)

Empiricism asserts that knowledge comes from experience and making decisions based on what is observed. Pillars of Empiricism . Various practices exist to forecast progress, like burn-downs, burn-ups, or cumulative flows. While proven useful, these do not replace the importance of empiricism . In complex environments, what will happen is unknown. Only what has already happened may be used for forward-looking decision making. Each artifact contains a commitment to ensure it provides information that enhances transparency and focus against which progress can be measured: ● For the Product Backlog it is the Product Goal. ● For the Sprint Backlog it is the Sprint Goal. ● For the Increment it is the Definition of Done. These commitments exist to reinforce empiricism . The sum of the Increments is presented at the Sprint Review thus supporting empiricism .

High-Tech Yuga

Search This Blog