Agile is iterative approach with tasks broken into small increments, planning far in advance, and when using agile methodology scope is a continual reassessment of requirement priorities by the business.
Agile project management framework
In the agile project management framework, the activities involved in each phase can be classified as Envision (helps to create a high-level vision for the project). Speculate (helps to create a high-level roadmap for the project based on the available information). Explore (where the team will start developing and delivering the features). Adapt (the team will continuously adapt and change their plan based on the feedback they receive about the completed features). And the last phase is Close …show more content…
Launching a new product needs thorough market research, surveys, and meeting customers to understand their needs. Data collection, surveys, analysis market trends are essential in new product development and the organisation has to identify the right people who have the passion for completing these tasks accurately and efficiently.
Financing
Production development process is expensive and risky (Yahaya S Y, Abu-Bakar N, 2007). A new product development firm has to ensure it will receive compensation in line with the risk it is assuming. Common models range from a low risk where an investor pays the company for the development fee to where the company arranges financing with its own resources or with outside investors and receives a share of the …show more content…
Service improvement is harder to implement than improvement in physical products, and one reason is that server is inseparable from the service. The best ways to improve service is to train people and then empower them to the server. Empowerment is giving employees the authority to correct a problem without checking with management, line level employees are much closer to problems, by giving them the power to correct problems is a way to improve customer satisfaction.
There are several aspects that the product manager can do to make the implementation of quality improvement efforts more successful. Managers must lead the quality effort their actions and involvement, TQM won’t work without top-level support (Yahaya S Y, Abu-Bakar N, 2007). Firms that are successful clearly specified jobs and measure performance, the organisation must detail what tasks need to be done, how and by whom. Getting a return on quality is important. Therefore, the managers must take care to deal with the most critical customer satisfaction issues in order to control