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3714085
Six Myths of Product Development
Description
Mind Map on Six Myths of Product Development, created by estelle.cheraa on 08/10/2015.
Mind Map by
estelle.cheraa
, updated more than 1 year ago
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Created by
estelle.cheraa
almost 9 years ago
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Resource summary
Six Myths of Product Development
"Our development plan is great; we just need to stick to it"
Poor result in product innovation
Conditions are changing
New insights
"We will be more successful if we get it right the first time"
“getting it wrong the first time” can be the better strategy
people iterate rapidly and frequently and learn quickly from their failures
"The more features we put into a product, the more customers will like it"
There is some features that customers don’t need
“less can be more”
"High utilization of resources will improve performance"
5% more work = 5% more time to complete
Increasing Utilization => Increasing delays lengthen
"Processing work in large batches improves the economics of the development process"
Small batches => greater utility in product development
"The sooner the project is started, the sooner it will be finished"
External features can impact your time project and you can’t control it
Product development is highly perishable
Technology and market can quickly become obsolete
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