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The Stage-Gate® framework
A typical product development process New product development begins with an idea and ends with the launch of a new product. The steps between these points can be viewed as a systematic product development process. The Stage-Gate® framework divides this process into a series of stages. The figure below is a typical example.
Stages are cross-functional Each stage in the Stage-Gate® process contains a set of predetermined cross-functional activities with best practices built in. The activities during a stage are executed in parallel, not in sequence. This ensures that they are carried out quickly and effectively.  stages are cross-functional - all areas and departments of the company contribute
each stage is preceded by a decision point, i.e, the gate.
Gates are the critical decision points Gates are the critical points in the process where a decision must be made. The gate-keepers can say Go, Kill, Hold, or Recycle to the project. Furthermore, the gates are: checkpoints for quality control: Have the activities in the previous stage been carried out in a quality fashion? Has
the project team done its job well? Is
the project still attractive from an economic and business standpoint? Are
the action plan and the path forward sound? project
prioritisation and resource allocation decision meetingsAt the end of a gate meeting, a clear and well founded decision is made. A Go decision ensures resource commitments and visible support from the management to the project leader and the team. Gatekeepers Gatekeepers are the team of senior managers that who own the resources and make the Go/Kill decisions at gates. The gatekeepers: are
from a different functional areas and can commit resources have
a pre-set list of criteria and rules - they can't play favoritesThe Benefits of the system it
puts discipline in an often chaotic series of events it
focuses attention on quality of execution it
speeds up the project - because it is cross-functional it
ensures a complete project - no critical steps are omitted it
leads to a better project selection and focused resourcesA well implemented system helps you .. to keep the schedule in the majority of your projects,
to shorten time to market by 30% or more,
to improve your new-product success rate by 10-30%.
And this actually increase your company's profits by millions, frequently by just as many millions as your company's annual development budget. Get more information |
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