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- Title
New product development resource forecasting.
- Authors
Hird, Abigail; Mendibil, Kepa; Duffy, Alex; Whitfield, Robert Ian
- Abstract
Forecasting resource requirements for new product development ( NPD) projects is essential for both strategic and tactical planning. Sophisticated, elegant planning tools to present data and inform decision-making do exist. However, in NPD, such tools run on unreliable, estimation-based resource information derived through undefined processes. This paper establishes that existing methods do not provide transparent, consistent, timely or accurate resource planning information, highlighting the need for a new approach to resource forecasting, specifically in the field of NPD. The gap between the practical issues and available methods highlights the possibility of developing a novel design of experiments approach to create resource forecasting models.
- Subjects
NEW product development; STRATEGIC planning; ECONOMIC forecasting; ECONOMIC decision making; BUSINESS models
- Publication
R&D Management, 2016, Vol 46, Issue 5, p857
- ISSN
0033-6807
- Publication type
Article
- DOI
10.1111/radm.12140