GLOSSARY OF PPM
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GLOSSARY
New Product Development

New Product Development

New Product Development is a process of innovation to develop an idea into a product to meet market needs.

Synonyms: NPD , R&D

See Also: Stage Gate , New Product Portfolio Management

The process is typically structured around defined phases, often with a formalized stage gate process to control investment and deliverables of new product development projects.

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Index


Portfolio Management to Prioritize Projects, Products, Businesses and Resources

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