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Product development cycle time

  • 1.  Product development cycle time

    Posted 09-28-2019 13:03

    As a product development expert, in your Industry, how is the industry reducing the product development cycle ? Is there any specific methodology that has been followed in your industry ?

    Seif Abdelghany
    Local Category Manager
    Electrolux Major Appliance
    10th of Ramadan

  • 2.  RE: Product development cycle time

    Posted 11-25-2019 06:24

    That's an important question. A few thoughts immediately spring to mind:
    1. In Software development the obvious one is the evolution of Agile, which is designed to ship business value frequently
    2. Lean Startup: Been around a while now and probably further evolved - understand problem, define solution, create MVP, test test test and iterate
    2. Open source & web APIs: The availability of open source software enables organisations to leverage existing applications for platform functionality, freeing up the development team to focus on the business logic required to solve the customer needs.
    3. I also see more and more focus on the use of Design Thinking. It spends more time at the front end (Empathise, Ideate, Prototype, Test) but results in a better product/market fit and ultimately faster delivery of value to the market. It also speeds things up by ensuring that the project focuses on the important product features to develop.

    Brian Martin