Product development project management

From the management point of view, it is important to outline all the steps and devise various contingency plans for the entire product development project. For this purpose, the RAT2IO module and the objective-time chart can be of use [9]. RAT2IO stands for resources, activity, time, tools, input/output information, and objective (Table 16.2-2). 

Each of these items is key to the successful management of a new product development project. For example, the project definition processes develop ... 

Moenaert, R. K. and Souder, W. E. (1990). An information transfer model for integrating marketing and R D personnel in new product development projects. /. Product Innovation Manage. 7, 91-107. 

In addition to the value of the research solution, management of research project has high importance, because the current situation in the market place requires that research results are delivered on time. Many companies use project management tools and methods for managing their iimovations, to ensure a better product quality, better deadlines, and lower costs. Recent souree gives risk-oriented model which helps to assess strategic decisions in new product development projects. Depending on a scale of the project, a similar approach may be imple-... 

Kahn (2005) states that a well planned and executed risk assessment and analysis should be part of any significant product development project. Risk assessment and analysis serve as the project manager s binoculars to see into the future. By spending time and money early to examine what might go wrong and how it... 

Hameri, A., J. Nihtila. 1997. Distributed New Product Development Project Based on Internet and World-Wide Web A Case Study. Journal of Production Innovation and Management 14(1), 77-87. 

Implementing an inherent safety review process is one mechanism companies can use to institutionalize inherent safety. The review process should integrate well with company systems for process safety management, new product development, and project execution. Safety, health, and environmental considerations in the new product or process development effort can be strengthened via the introduction of the inherent safety review. Companies may also build inherently safer design concepts into their existing process safety management system and process hazard reviews. 

The standard requires systems to be in place to ensure management of appropriate activities during concept development, prototype, and production according to customer advanced product quality planning and control plan manual or project management manual. 

An overall economic evaluation must be made to ensure that the contemplated project for petroleum development will recover sufficient capital to pay for the total cost of development, installation and assembly effort of the company. Further, the capital return must yield a financial return consistent with the overall company risk involved. Thus, it is very important that the petroleum engineer designing a recovery system understand the company s evaluation criteria that will be used by management in judging whether a new project is to go forward. Chapter 7 (Petroleum Economics) has detailed discussions of general engineering economics and product (or project) evaluation criteria. 

Project plans and a dedicated project manager are required to coordinate across-site support activities, e.g. project planning, engineering, process development, production, QC (quality control), etc. This is critically important if production scale equipment and operating areas need to be used during the transfer exercise, i.e. the impact on commercial manufacturing schedules. 

A small but diverse team of personnel is typically involved in the activities of the Project Identification and Definition Stage (refer to Figure 2.1). Representatives from groups such as process analytics, process control, project management, central engineering and production operations should populate the team in the first stage. The size and diversity of the team should grow from the identification step to the definition step as resources are allocated and plans developed. 

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