NPD Accelerator Project Pipeline

The NPD Project Master Portfolio supports the NPD metrics for projects. The Portfolio Management Dashboard includes portlets to assist with future project planning and reviewing of costs and revenues.
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The NPD Project Master Portfolio supports the NPD metrics for projects. The Portfolio Management Dashboard includes portlets to assist with future project planning and reviewing of costs and revenues.
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NPD Accelerator Automatic Project Creation
After you provide idea gate approval, the NPD Accelerator automatically performs the following actions:
  • Converts the idea to a fully configured project plan that adds the following capabilities to the project:
    • A folder structure for documents
    • The work breakdown schedule (WBS) consisting of five automated stages and gates
    • Gate review
    • Product alignment
  • All of the fields on the idea having corresponding fields on the project are copied.
  • The project process can be running.
  • The first two stages of the NPD investment process (Idea Capture and Scoping) are marked as complete.
Project Stages
Stages are defined as phases in the NPD Accelerator. Stages are where the following activities occur:
  • Work is done. Activities are completed to advance the project to the next gate.
  • Cross-functional teams collaborate. For example, no R&D or marketing stage exists. Activities are worked in parallel to accelerate the process.
  • Risk is managed. Vital information is gathered to manage risk. For example, technical, market, financial, or operations.
  • Incremental budgeting is managed. Each stage costs more than the preceding one resulting in incremental commitments. As uncertainties decrease, expenditures are allowed to rise and risk is managed.
  • The process manager reviews the project plan, deliverables, financials, and issues in preparation for the gate review team analysis. This process is formalized in the NPD Accelerator as the Stage Review.
For more information about the Stage Review portlet, see Stage Review.
Gates
Gates are defined as milestones in the NPD Accelerator. Gates are where the following activities occur:
  • Go/Kill and prioritization decisions are made.
  • Any mediocre projects are culled out and resources are allocated to the best projects.
  • Focus is placed on three key issues: quality of execution; business rationale; and the quality of the action plan.
  • Gatekeepers use scorecards and criteria to evaluate the project potential for success. The process is formalized in the NPD Accelerator as the gate review.
NPD Accelerator Gate Process
After a stage is complete, you are ready for the gate. The standard gate process has five stages:
  • Scoping
  • Business Case
  • Development
  • Testing and Validation
  • Launch
The following table describes the high-level WBS structure:
Stage (Phase)
Gate (Milestone)
Idea Capture
Go to Scoping
Scoping
Go to Business Case
Business Case
Go to Development
Development
Go to Testing and Validation
Testing and Validation
Go to Launch
Launch
Post Launch Review
The NPD Accelerator includes one built-in project template to support the five stages.
NPD Accelerator Document Folder Structure
For each gate, create and review specific documents. The NPD Accelerator includes a preconfigured set of folders in the project document manager. The folders are stored on the project and are available to team members.
  • General Project Administration
    • Correspondence
    • Meeting Notes
    • Preliminary Specifications
    • Project Reviews
    • Technical Reports
  • Stage 1 - Scoping*
    • Deliverables
    • Gate Information
    • Worksheets
  • Stage 2 - Business Case
  • Stage 3 - Development
  • Stage 4 - Test and Validate
  • Stage 5 - Launch
*Each of the five stage folders has the three subfolders that are listed under Stage 1 - Scoping.
NPD Accelerator Cost Plans
The project can receive approval to move on to the next gate. The NPD Accelerator uses cost plans and creates a detail row with the information entered on the budget page.
: When you create the cost plan, include User Value 2 as one of the items in the plan and provide a default value. In addition, provide default values for all items that you include in the plan. Enter the default values in the NPD Gate Processing section of the cost plan properties.
The final gate approval is submitted and the project manager receives an action item to create the cost plan. The project manager marks the Create Cost Plan action item as Done. The NPD Accelerator automatically creates a scoping detail row and uses the budget information from the idea for the scoping change over the fiscal time periods that comprise that stage.
When the cost plan is in place, the project moves through its stages. The NPD Accelerator automatically assigns a detail row for the next stage. This row includes a budget amount in the first time period. The project manager distributes the budget amount across the fiscal time periods based on when the project uses the monies.
One cost plan exists for every project with multiple detail rows: one for each stage. Reporting can be for the current stage or for the entire project, depending on the view. All existing views and portlets use the cumulative totals for planned costs and actuals, with the planned cost increasing with each stage that the project enters. The NPD Accelerator supplies out-of-the-box codes for the detail rows.