Best Practice Stage/Gate
Best Practice Notes
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The structured method of progressive new product development and project deployment has been tested on thousands of new product launches and is recognized worldwide as the best approach to accelerate new products to market, successfully.
Stage and gate style processes (or phase gate) are increasingly important to successful innovation. Technology consultancy Booz Allen Hamilton recently highlighted the fact that every organization listed in its ‘Global 1,000 Innovators’ report has a disciplined stage and gate style process in place.
GenSight is a leading PPM supplier equipped to provide clients with best practice solutions to adopt and implement innovation productivity tools that improve product innovation and business performance. This guarantees time savings and reduced risk.
The message is clear. Profitable innovation does not happen by chance. You need to continually improve your capability to track and measure all projects, prioritize and select the right projects.
Prioritizing projects in your pipeline is one of the toughest challenges you can face. The GenSight solution maps onto your stage and gate process, so you can prioritize from idea to launch. Scorecards and project templates support you in making objective gate decisions. Because you can see all your projects in the pipeline, you can make more informed Go/Kill decisions, so as to maintain the balance and strategic alignment of your new product portfolio.
It’s a competitive game, and GenSight’s best-of-breed solution will put you on top.
Benefits
- Reduced time to market
- Increased revenue from new products
- Flexible Stage and gate processes built-in
- Reduce project delivery over-runs
- Kill poor projects sooner – re-allocate resources
- Keep score – R&D and NPD PPM metrics help deliver and measure success