Project management can be said to be the management or control of a unique set of co-ordinated activities, with definite starting and finishing points, undertaken by an individual or team to meet specific objectives within defined time, cost and performance parameters. There exist various methods for managing projects. The most common which is most suitable for large size projects is PRINCE2 Pons (2008).
New Product Development (NPD) New product development (NPD) is an important organisational activity since it provides future business opportunity for the organisation. It involves the executives of an organisation taking risks in achieving specific aims and objectives. The process of developing a new product needs considerable efforts from the employees dedicated to it. Sometimes, new product development could involve a complete change and this could bring about having to carry out quite a number of individual projects. Customers’ needs identification: Women want to spend less in acquiring sanitary pads for each month. Some women avoid spending so much on packs of sanitary pads each month by wearing each sanitary pad for hours longer than normal. This is bad for personal hygiene but in most case cannot be avoided due to the unequal income distribution in the economy. Quality evaluation of existing products: the normal sanitary pads are good at absorbing substance and keeping the users dry but each pack of sanitary pads contains a small number of individual sanitary pads that a single sanitary pad is often not enough for most women during their monthly menstrual cycle. Objectives of new product: the new product will allow women spend less than would for their monthly menstrual cycle and still have enough individual sanitary pads to keep them dry and improve their personal hygiene. Idea generation: As...
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