Control of the new product process should occur at key points at the end of each phase in the process, in project reviews. Project and company management should have to sign off on advancing a project to the next phase.
Strategically scheduled project reviews are increasingly important to ensure that new products are aired at key points in design and development. This process of project review allows management to evaluate progress and make the business case for advancing a product to the next phase.
New product processes are thus designed to produce information for project review. In other words, the purpose of each phase is not simply to move the product to the next phase, but to inform management on whether the product should be moved to the next phase.
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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.