Many companies assume that shortening the development cycle time equals profitability, but is that always true? What if rapid development came at the expense of other business objectives like product performance or unit cost? The problem with many companies I have seen is that they are not aware of or do not fully understand the key objectives of product development and how each one impacts profitability.
Every single company I have worked at always looked at product development through a very simplistic lens – “Fast good, slow bad”. This is a careless and lazy way of…
The fuzzy front-end is where you go bargain shopping for ways to reduce product development cycle-time. Learn the best ways to get those bargains.
Set-based Design or Set-based Concurrent Engineering (SBCE) is an approach to Product Development, in which the team considers a broad range of design alternatives or sets and systematically narrows the sets down to a final, often superior choice. Read more at http://www.2gemba.com/blog
Iterative PD isn’t the best approach when innovation is your goal.
I was recently invited to be a guest on Tony Rogers’ The Products by Design Podcast.
Capacity Utilization is the single biggest factor that affects Queues and slows down Product Development. Read more
#leanproductdevelopment #capacityutilization #queues
Learn about the basic terms of Queuing Theory and Little’s Law. Calculate how long your queue of work will take to get done.