Technology development or technology platform projects promise to open up new strategic opportunities to the business.21 A limited number of businesses that engage in such innovative developments have successfully employed a different type ofStage-Gate process to drive these special projects through to fruition. ExxonMobil Chemicals has even published a synopsis of its special process to handle the company's technology projects.22
FIGURE 7.1-6 Stage-Gate Express: A Three-Stage Version for Lower-Risk Projects
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.