Implementing a Learning Plan to Counter Project Uncertainty

By: Material type: ArticleArticleLanguage: ENG Series: ; 49Publication details: Winter 2008 0Edition: 2Description: 54-62 PpSubject(s): DDC classification:
  •  Ric
Online resources: Summary: The article discusses how a company can manage the technical, market, organizational, and research uncertainties that attend new-product development. Certain assumptions underlie each type of uncertainty, and all must be tested in as cost-efficient a way as possible. Objectives for testing must be established beforehand. Lessons learned from the tests are evaluated, new assumptions are formed, and the process repeats. After three or four such loops a firm will have diminished uncertainty to the point where it can proceed with the next stage of planning.
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Articles Articles Main Library Ric (Browse shelf(Opens below)) Available AR11285

The article discusses how a company can manage the technical, market, organizational, and research uncertainties that attend new-product development. Certain assumptions underlie each type of uncertainty, and all must be tested in as cost-efficient a way as possible. Objectives for testing must be established beforehand. Lessons learned from the tests are evaluated, new assumptions are formed, and the process repeats. After three or four such loops a firm will have diminished uncertainty to the point where it can proceed with the next stage of planning.

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