In established
businesses, research has identified that 46% of product
development projects are cancelled or fail to deliver an
adequate financial return. In best practice companies an
enviable success rate of 80% has been achieved.
Entrepreneurial development of new products has at
least a 1 in 5, if not a 1 in 2, chance of failure. You
can increase your probability of success through the
application of best practice methods in new product
management. Prodex Systems' experience and expertise in new product development
management provides you with an independent, objective
perspective on the potential of your product and the
pathway to success. We use a structured development process to manage risk
in new product development projects. Our management
approach front-loads the development effort to confirm
the feasibility of new product projects before moving into
the more expensive development and launch stages. |
