Learning Fast & Failing Forward

Genius 29 June 2015

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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 […]