Strategy 2 Market presents Exploratory PD at Innovation Summit 2017

Exploratory PD

ExPD is taking the traditional phased-and-gated methodology to task with an approach designed for today’s rapidly evolving world.

Drotar and Morrissey of Strategy 2 Market will describe a new approach to developing products, called ExPD. It is an alternative to the traditional phased-and-gated product development process. When companies try to maintain a traditional phased-and-gated process in a changing environment, it is difficult for a product development team to manage the scope, timeline and budget approved at the outset. This commonly results in unexpected problems, rework, schedule delays, breaking the budget and commercial failure.

ExPD is taking the traditional phased-and-gated methodology to task with an approach designed for today’s rapidly evolving world. ExPD handles uncertainty, adapts to external changes, explicitly identifies and runs down risks and streamlines the product development process.

9 major benefits of ExPD include:
1.    Speed
2.    Strategic alignment
3.    Making uncertainties visible throughout the project
4.    Developing products that start with the customer
5.    Real-time project prioritization and resource optimization
6.    Learning fast from key uncertainties and killing projects quickly
7.    Adaptability
8.    Decreased bureaucracy and paperwork
9.    Better decision-making through team empowerment

If you’re interested in learning more about ExPD, attend the Innovation Summit in Milwaukee or feel free to download an executive version of ExPD at a nominal price of $1.99. It can be downloaded from the Leanpub platform.

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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