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www.globalnpsolutions.com/idea-incubator/
1 Idea Insights from GNPS
Project Management Process Groups
Episode 15-28
www.globalnpsolutions.com/idea-incubator/
2 Idea Insights from GNPS
What is a Project?
• Projects are temporary in nature• Temporary team• Unique product, service, or result
• Examples• Installing new software system• Building a new refinery• Developing a new product
• On-going work involves day-to-day operations• Repeatable and predictable
• Examples• Monthly bookkeeping• Manufacturing diesel fuel• Sales of existing product
www.globalnpsolutions.com/idea-incubator/
3 Idea Insights from GNPS
PM Process Groups
Initiating
Planning
Executing
Monitoring and Controlling
Closing
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4 Idea Insights from GNPS
Initiating
• Business case for the project• Market needs• Technology advances• Regulatory requirements
• Key output is a Product Innovation Charter (PIC)• Links the innovation strategy to the execution plan• Identify stakeholders
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5 Idea Insights from GNPS
Planning
Scope Schedule Budget Quality
Risk Human Resources Communications Stakeholders
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6 Idea Insights from GNPS
Executing
• New product development work is done in stages of structured NPD process
• Work of project includes team member development, quality• Market research is key for NPD success
Opportunity Identification
Idea Generation
Concept Evaluation
Technical Development
Commercial Launch
www.globalnpsolutions.com/idea-incubator/
7 Idea Insights from GNPS
Monitoring and Controlling
• Want to catch problems early!
• Monitoring measures the progress of the project
• Controlling allows corrective actions
www.globalnpsolutions.com/idea-incubator/
8 Idea Insights from GNPS
Closing
• Evaluate the new product commercialization
• Post-launch review• Also called lessons learned review
• Feedback for future projects
www.globalnpsolutions.com/idea-incubator/
9 Idea Insights from GNPS
For More Information
• See the full post at the Idea Incubator Blog• www.globalnpsolutions.com/idea-incubator/• Free registration
• Contact me!• 1-281-280-8717• [email protected]• 2323 Clear Lake City Blvd., #180-177 Houston, TX 77062
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