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Project Description : The application of project management methodology to global product development is explored in this project, focusing on the growing imperatives of speed, flexibility, and market acceptance. Conventional project management methods are efficient at coordinating predefined tasks among dispersed participants, controlling development cost, and managing technical risk. In contrast, newer variations are more effective at promoting cross-functional collaboration, speeding time-to-market, and reducing market risk. These require project managers to be effective leaders, strategists, marketers and change agents. Successful projects act as engines for building global product development capability and driving product strategy. Finally important methods and processes are presented for selecting and adapting various methods to a given technology, market opportunity, and organization.
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