Time-based competition is important for many companies. In our experience there are several basic factors that need to be addressed to reduce time-to-market.
These are the objectives of lean product development (LPD) practices. We can assist with making improvements and implementing these practices. The steps and activities we can perform to achieve these objectives are as follows.
One of the first steps is to conduct an assessment to determine where there are the best opportunities for improvement. Our Product Development Assessment evaluates your company’s process, practices, organization and systems against 270 best practices as the basis for identifying areas of improvement.
We have found that one of the most common and significant factors affecting time-to-market is an overloaded pipeline. We can help fix this issue by putting in place the following management practices and tools.
One of the objectives of lean product development is to reduce waste in any form – time or resource use. Based on an assessment of the best opportunities, we can implement the most appropriate lean product development practices to meet the objectives of reducing time-to-market.
Critical chain project management (CCPM) is a methodology to more tightly plan projects by eliminating slack time in scheduling and instead build-in and manage higher level buffers. It has been proven to reduce development time by up to 50%, especially for the most critical projects. We can assist in implementing CCPM and its supporting system tools.
High-performing product development teams excel at inter-team communication, coordination and collaboration. Their activities are tightly integrated as a result. We can assist in developing high-performing teams and identifying how they can work to reduce time-to-market.
For further information, contact Kenneth Crow at DRM Associates
Phone +1 310-377-5569