ADAPTING TRADITIONAL STAGEGATE PRACTICES TO ITERATIVE EXPERIMENTATION
(2018) INNM01 20172Innovation Engineering
- Abstract
- Many companies have traditionally focused on linear product development
processes centred on analysis e.g. waterfall or stage-gate processes. Some
companies have begun to complement these with iterative product development
processes centred on experimentation such as the Lean Start-up Methodology. The
knowledge and theory on how iterative processes of product development are best
managed is limited. Using theory on Lean Start-up Methodology, the management
of linear product development processes, and real options, propositions on needed
adaptions to the current management systems are formulated. The propositions are
tested in a multiple case study and a simulation. The results suggest companies
looking to implement a system for... (More) - Many companies have traditionally focused on linear product development
processes centred on analysis e.g. waterfall or stage-gate processes. Some
companies have begun to complement these with iterative product development
processes centred on experimentation such as the Lean Start-up Methodology. The
knowledge and theory on how iterative processes of product development are best
managed is limited. Using theory on Lean Start-up Methodology, the management
of linear product development processes, and real options, propositions on needed
adaptions to the current management systems are formulated. The propositions are
tested in a multiple case study and a simulation. The results suggest companies
looking to implement a system for managing product development using iterative
experimentation should assess the need to; (1) speed up the investment decision
making process (2) stop discouraging changes to the definition of the end-product
of the process and (3) increase frequency of re-evaluations of projects and
reallocation of capital between projects.
Keywords: (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/8960239
- author
- Bengtsson, Oskar LU
- supervisor
- organization
- course
- INNM01 20172
- year
- 2018
- type
- H2 - Master's Degree (Two Years)
- subject
- language
- English
- id
- 8960239
- date added to LUP
- 2018-10-15 08:43:31
- date last changed
- 2018-10-15 08:43:31
@misc{8960239, abstract = {{Many companies have traditionally focused on linear product development processes centred on analysis e.g. waterfall or stage-gate processes. Some companies have begun to complement these with iterative product development processes centred on experimentation such as the Lean Start-up Methodology. The knowledge and theory on how iterative processes of product development are best managed is limited. Using theory on Lean Start-up Methodology, the management of linear product development processes, and real options, propositions on needed adaptions to the current management systems are formulated. The propositions are tested in a multiple case study and a simulation. The results suggest companies looking to implement a system for managing product development using iterative experimentation should assess the need to; (1) speed up the investment decision making process (2) stop discouraging changes to the definition of the end-product of the process and (3) increase frequency of re-evaluations of projects and reallocation of capital between projects. Keywords:}}, author = {{Bengtsson, Oskar}}, language = {{eng}}, note = {{Student Paper}}, title = {{ADAPTING TRADITIONAL STAGEGATE PRACTICES TO ITERATIVE EXPERIMENTATION}}, year = {{2018}}, }