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As the name suggests, new product development is nothing but the process of launching a brand-new product – tangible or intangible in the market. With constantly evolving consumer behavior towards different products and services, organizations are driven to make a structured go-to-market strategy that can satisfy customer needs and expand the customer base through increased engagement.
But developing a product from scratch can encounter a lot of unprecedented challenges such as – portfolio visibility, data management, pace of innovation, cost and resource management, report generation, compliance and collaboration issues and here’s why global leaders are proactively adapting to strategic portfolio management platforms which brings clear vision and direction to projects. And Planisware has proven to be the ultimate SPM tool that delivers an integrated roadmap to power product development and process innovation.
New Product Developments have different approaches than simple Product Development which has an existing concept in the market. When an organization plans to launch a new product on the market, they are most likely to consider the 6 basic stages of NPD, which are –
Planisware Orchestra offers a cloud-based SPM platform that onboards all the project data faster and supports the end-to-end ideas for innovation, R&D and provides a simplified strategy for complex NPD processes for higher revenue and business growth. It powers the entire project life cycle through its suite of integrated solutions that –
With Planisware Orchestra, set smart strategies to drive your business forward and beyond, because a well-defined strategy combined with resources, operations and analytics are the key behind successful product innovation and drive value.
Ready to get started with Planisware? Book a demo with our Planisware experts today.
i2e Consulting is a certified Planisware partner that helps organizations integrate Planisware Enterprise with other applications in their organization to improve data integrity and uniformity. Our Planisware consultants are expert technologists who present a thorough understanding of the tool, defining an end-to-end project management solution to your business.Tags: New Product Development Strategy, Planisware Orchestra, Planisware Partner, Project Portfolio Management Solution