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Why using a Stage-Gate® product development process?

  
Best practice companies have much higher success rates
Companies with a high quality development process are significantly more profitable.
Source: RG Cooper
  
Typical delay of a product development project

The average project in industry is 50% delayed. But the companies in the top 25% complete most of their projects on time.
Source: Jens Arleth
A strong impact on profit and growth!

Higher profitability
  Higher profits from your new-product development programme.
  Higher sucess rates
  More satisfied customers willing to pay a price premium.

Higher speed
  Shorter development time.
  Improved adherence to schedule and budget.

Certain best practices make product development more profitable. Some are:
  Products with a superior differential advantage.
  Strong market orientation.
  Solid homework before development begins.
  Sharp product definition before development.
  Go/Kill decisions with teeth that help focusing on the best projects by stopping
the weak ones.
  A complete and yet flexible process with no omissions of error.
  Dedicated and empowered project leader and team.

A high quality Stage-Gate process ensures that best practices are built into each and every development project.

Vast profit potential (See details)
A development process of high quality can boost your company’s success rate by 10-30% and cut the time to market by 30%. The result is an increase of your company's bottom line by millions, frequently by as many millions as your company's product development budget.

© Jens Arleth, 2011