What are the best practice for new product development projects? - ProProfs Discuss
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What are the best practice for new product development projects?

Asked by Herbfushu, Last updated: Jun 07, 2021

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2 Answers

L. Hawkes

L. Hawkes

L. Hawkes
L. Hawkes, Teacher, Memphis

Answered Nov 05, 2018

When you begin to make new products, there are certain tasks that must be done first. They must do technical, financial, and marketing tasks. Project management practices must be done in order for the new product development projects should be done successfully. During this new product development, every aspect must be completed in order for the product to be brought to the public in order to be bought.

There are certain stages including the fuzzy front-end which means that the workers will do some smaller tasks before even deciding what requirements should be met. Then the second step is the product design. Then the product implementation should be done followed by the fuzzy back-end. In this case, it is best to select products that only take a couple of years to execute.

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John Smith

John Smith

John Smith
John Smith

Answered Jan 24, 2017

Select projects tht will take less than two years to provide payback
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