According to the Project Management Institute’s 2021 Pulse of the Profession, 68% of businesses have made significant changes toward digital transformation in the 2020s, in order to gain a competitive advantage in the ever-changing marketplace. And the manufacturing industry very well may be the sector witnessing the most significant disruption, with industrial new product development facing unprecedented challenges like:
Accordingly, the management of industrial R&D and NPI needs to revise its practices, processes, and tenets, in order to:
In this eBook, we will see how a centralized PPM solution can go a great way towards easing the process.

Get a Sneak Peek into the PPM for Industrial Product Development eBook

Historically, industrial companies have developed and honed a clear, signposted production process involving assembly lines and a linear, fixed series of tasks intended to give way to a predetermined product. No room for surprise. 

Now, with the rise of the Internet of Things and other connectivity solutions, digital innovation is putting software at the heart of every industrial product, from complex systems to mundane household appliances. While this opens fantastic opportunities for diversification and innovation, this also compels industrial makers to switch to a bimodal environment. 

Indeed, software is not developed like hardware; rather, it follows its own specific process. In fact, the inadequacy of applying traditional industrial methods to software development first gained public profile back in 2001. At that time, a group of software developers acknowledged that rapid changes in software user expectations and the technology landscape introduced a degree of uncertainty that wasn’t well addressed by the “Waterfall” product development process. 

So they came up with an alternative methodology: Agile.