Product Development Projects
Product Development Projects focus on taking a new product from concept to market.
What makes these projects distinctive
Product Development Projects carry their own signature challenges. The ones that most often decide success or failure are uncertain market fit, scope and feature creep, time-to-market pressure — so the plan should be built around managing exactly these.
Typical phases
- Initiation — business case and charter
- Planning — scope, schedule, budget, risks
- Execution — building the deliverables
- Monitoring & control — tracking against baseline
- Closure — acceptance, handover, lessons learned
Sample WBS outline
- Initiation & business case
- Planning (scope, schedule, budget)
- Concept & business case
- Design & prototype
- Development
- Testing
- Launch
- Testing / quality assurance
- Deployment / handover
- Closure & lessons learned
Key deliverables
- Concept & business case
- Design & prototype
- Development
- Testing
- Launch
Top risks to plan for
- Uncertain market fit
- Scope and feature creep
- Time-to-market pressure
Key roles
Product ManagerProject ManagerDesign LeadEngineering Lead
Typical duration
6 months–2 years, depending on scale and complexity.
Plan a project like this
Use the templates, calculators and how-to guides to build the plan.
Templates Guides Calculators