Part II: How to Implement a New Product Life Cycle

• 2, Dec, 2012
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So You Want to Implement a New Product Life Cycle

1) Find a champion. This person will clear the obstacles and lend legitimacy to your efforts.

2) Establish a need. Business case, current issues, current strengths, how a process will improve bottomline, etc.

Of course, there can be many reasons why a company would want to implement a new product lifecycle. Perhaps you just want to optimize the process you currently have. Or maybe you feel like you need something with more checks and balances. Whatever your reason, a thoughtful, well-executed product lifecycle can result in benefits you can take to the bank — the money bank.

Positive effects of a proper product lifecycle:

1) Ensure the right people are working on the right things at the right time.

2) Streamline and optimize projects. Front loading risk so less burden on Dev.

3) Guides projects.

4) Provides checks and balances.

NOTE: Common sense and judgement should always prevail — don’t let the process rule the project.