All companies are faced with ever-shrinking product lifecycles in order to timely satisfy the diverging needs of global markets. This has resulted in an increase number of concurrent product development programs, driving the needs for concurrent engineering methods. However, this also increases complexity due to the parallel activity of multiple functional teams. Coordinating these functional teams to prevent overloaded resources and bottlenecks is critical for optimizing cycle time.
Project Management allows companies to target zero delays with their product planning and development processes to achieve optimal cycle times within scope, capacity and resource constraints. Organizations can concentrate on the most profitable products while standardizing on best-in-class business processes across the extended enterprise.
Key capabilities & benefits:
Manage all product development information in a single source of truth
Manage project planning information with stage-gate milestones and resources
Coordinate scope, schedule and resources to deliver the product portfolio within business constraints
Connect project deliverables with product portfolios to provide with accurate information on market opportunities