Learning Fast & Failing Forward

29 June 2015
1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 5.00 out of 5)
Loading...
fail

While many organizations and PMOs are realizing that “failing fast” is a smart approach, New Product Development (NPD) has been doing this for years, and doing it successfully. They refer to the process as Stage Gate, where ideas are turned into products; to sum it up the stages are “Activities” + “Analysis” = “Deliverables”. The reason that NPD has adopted this practice is that engagement levels and investments (both monetary and time-wise) are so high in product development, that they need to fail & learn fast before going too far – otherwise the loss would simply be too high. So […]