Learn more about using network diagrams to improve project scheduling in “Innovation Tools: Time Management for Efficient New Product Development.” And, you can learn more terms and definitions for project [Read more...]
Learn more about effective time management in “Innovation Tools: Time Management for Efficient New Product Development.”
For more terms and definitions, please see the NPD Glossary.
© Global NP Solutions, LLC
Your Strategic Innovation Partner for NPDP and PMP® [Read more...]
Critical Chain Project Management (CCPM) is a method of scheduling that utilizes the Theory of Constraints popularized by Eli Goldratt. In CCPM, scheduling takes into account limited (critical) resources when creating the project schedule and includes explicit buffers of time to protect the project completion date.
For more project management [Read more...]
Theory of Constraints, or TOC, is a management philosophy indicating that at any point in time, any complex system will have constraints, or bottlenecks, that limit the system’s ability. TOC is credited to Eli Goldratt and involves a 5-step process to identify the bottlenecks or constraints and to work to [Read more...]
A venture team is a highly coordinated, co-located team that is used to develop new-to-the-world technologies and markets.
Additional terms and definitions for [Read more...]
A lightweight team is a new product team charged with successfully developing a product concept and delivering to the marketplace. Resources are, for the most part, not dedicated and the team depends on the technical functions for resources necessary to get the work accomplished. A lightweight team is sometimes called [Read more...]
A lean team, also known as a lightweight team, is a cross-functional team that involves part-time team members and a part-time team leader. The team is used to develop new products that are typically low in technical risk and/or require few market developments.
To learn more about new product [Read more...]
A full team, also known as a heavyweight team, is an innovation team that works cross-functionally to develop a complex new product with a high degree of technical uncertainty for new or emerging markets.
A functional team, sometimes known as a functional work group or simply work group, is a type of team that works primarily on low risk, low uncertainty new product development projects with little interaction across functions or departments.