Product Innovation

Mega Capital Projects and Product Documentation: How PLM Can Help

Investment activity in infrastructure and other major capital projects has regained its upward trend following the 2008 crash. The quantity and scale of mega capital projects is encouraging for the engineering and construction industries. However, recent studies have indicated that despite the growing volume, success rates and the profitability of these projects are flat.

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Four Reasons to take a Rapid Prototyping Approach to Your PLM Implementation

Many companies view product lifecycle management (PLM) implementations the same old way they’ve viewed enterprise system implementations (like ERP) for years. As a result, companies tend to follow the same waterfall implementation approach. The waterfall approach, which originates from very structured project methodologies in the manufacturing and construction industries, is a linear and sequential approach to software implementations.

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Embracing Quick Wins and Quick Losses

When moving a new product or service through the development cycle, there are generally four outcomes a New Product Development (NPD) team can expect. Two of these outcomes are especially good – although which ones they are might surprise you. It may seem counterintuitive, but one of the positive outcomes does not result in revenue – or even a product – and organizations must learn to embrace this notion.

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Missing Your NPD Targets?

If a manufacturing company committed to deliver 100 items per day to a customer from a line capable of producing only 50 items per day, it would not stay in business for long. Capacity planning is standard for manufacturing, but many companies don’t diligently capacity plan their new product development (NPD) pipeline, and some expect managers to just “figure it out”. Later, they wonder why their projects are consistently late or miss target market windows.

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