New Product Development

Artemis NPD provides the most comprehensive solution for maintaining the complete portfolio under strategic and financial control throughout the entire product lifecycle.
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The phase-gate process is an operational road map for moving a new-product project from idea to launch. It allows organizations to divide the New Product Development effort in several time phases separated by management decision gates. The team in charge of a given phase must successfully complete a pre-defined set of related activities in each phase prior to obtaining approval to proceed to the next stage. Evaluations and approval are carried out by a multi-disciplinary management team called Product Committee, Investment Review Board or other similar name. Phase and gate processes are an effective way of controlling development expenses as they restrict the investment in next stage until management has evaluated the outcome of the current stage. When properly automated and when clearly integrated in a portfolio approach, they can also improve dramatically time-to-market by speeding up decisions and funding in priorities the project carrying the most value.

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Automate the NPD process: Create different gate processes to support different product types Define main stages and key milestones Define approvers and approval work-flows Alert individuals on decision to make

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Reduce decision lead time: Gain visibility on how your NPD process is actually performing through standard forms based on centralized data

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Control funds allocation: Link fund allocation to gate approvals and progress in product lifecycle Avoid budget overruns Keep ability to allocate budgets to other opportunities

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