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Abstract

Over the past few years, many organizations that manufacture tangible products have attempted Agile approaches for new product development.  Unfortunately, many of these processes fail to deliver the expected results in speed-to-market and flexibility.  Yet, returning to a full waterfall process remains bureaucratic and intractable with remote and virtual teams.  The solution is a hybrid agile-waterfall process.

In this session, we will identify various processes and systems for new product development (NPD).  You will learn about two approaches to hybrid product development that can enhance the culture of innovation in your organization.  We will provide examples of companies that adopted different processes to add flexibility while minimizing risk.  Comparing and contrasting a non-profit using WAGILE Product Development and a manufacturer using Lean NPD, you will understand how culture and risk tolerance impact the choice of an effective product development process.

Learning Objectives:

• Understand risk in innovation from a perspective of requirements uncertainty and technical uncertainty
• Identify different hybrid Agile-waterfall approaches to new product development
• Compare and contrast two organizations design of NPD systems based on risk tolerance and culture

Bio:

Teresa guides innovation leaders and teams to their full potential. Shifting mindsets from scarcity to abundance, she inspires audiences through interactive speaking engagements, creativity coaching, and thoughtful approaches in writing. Author of the four volume Innovation Book series (available at Amazon), Teresa holds an MBA and is a certified Project Management Professional and Professional Life Coach with AACC. You can reach her at hello@teresajurgens.com or (281) 787-3979.