Next, you’ll find a wealth of resources at Cooper and Edgett’s firm , Stage-Gate® International . In particular, not only do they have great resources about new product development processes, but additionally on portfolio management as well
We develop new products as a series of projects. The phased-gate system (such as “Stage Gate™) begins with Gate 1 and continues to Gate 5, or 7, or at whichever gate is the “launch” gate
Many also realized that their current process framework (Phase Gate) wasn’t set up to deliver good decisions, resulting in frustration in this area, and were inspired that there might be a better way
Typically, the ‘regular’ new product projects follow the Stage Gate process, whereas the gut feel projects do not
Goldense, Bradford L., "Back To A Better Future: Product Definition," Machine Design, June 2016, Volume 88, Number 6, Page 72, ISSN 0024-9114.
Goldense, Bradford L., "Measuring Product Development Productivity," Machine Design, August 2016, Volume 88, Number 8, Page 72, ISSN 0024-9114.
Goldense, Bradford L., "Technology Readiness Levels Are Widely Adopted," Machine Design, May 2017, Volume 89, Number 5, Page 96, ISSN 0024-9114.
Goldense, Bradford L., "The Six Departments Of Innovation," Machine Design, June 2017, Volume 89, Number 6, Page 72, ISSN 0024-9114.
Goldense, Bradford L., "Top 10 Product Development Metrics: Then & Now," Machine Design, September 2017, Volume 89, Number 9, Page 96, ISSN 0024-9114.