Jim,
For the milestones, I would like to adopt a model that mixes both team and individual mandates to meet shared goals. This could be used for both new product development or client launches.
This will involve more front-end figuring on my part and more accountability for all parties, but once we have a system in place I think we'll achieve more consistent delivery and create less problems for ourselves going forward.
Team Initiatives -
The Product Manager will meet with Client Representative and VP of Technology to determine the a defined list of essential project criteria and deadlines for each of the stages in the Project plan.
In most cases the Team Initiative will be a successful product launch within the given final "Launch
…show more content…
If each team member meets their individual goals and deadlines, they will receive some smaller pre-defined bonus. This could be either a set amount or multiplier of the team bonus. (ex: 5 Individual Initiatives Met = 0.5x multiplier to team bonus).
However, it is important that this small bonus be granted to the individual regardless of whether the Team Initiative is ultimately met, so that individual team members are motivated to meet their goals even if their peers do not.
Project Work Flow -
I. Concept Stage - Client Representative or CEO meets with Product Manager to describe big picture the goals for end product for spec generation.
Once this is complete, PM has a deadline set for spec completion. Any major changes in functionality or vision after initial meeting will affect this deadline.
II. Planning Stage - PM meets with VP of Tech to go over spec. The two collaborate to create a Project Plan including a Gant Chart or equivalent to determine team member deadlines (individual initiatives) four launch.
There will be deadlines set for the VP of Tech for on development estimates, and another deadline for the PM on Project Plan and Gant Chart
Production Trials => Quality Trials => Quality Metrics => Quality Training => Prepare product Launch
5. What is the next step the team members must take in order to complete their project plans?
It is the process of creating a scope management plan for the project and creating document on scope definition, validation and controlling. The usefulness of this step is that gives direction and guidance on how project will be managed.
Team-based incentive programs are designed to motivate employees in addition to holding each other accountable for job responsibilities and activities, while working toward a common goal within an organization (McQuerrey, n.d.). When utilized, team-based incentive programs have the ability to improve the productivity and performance at all levels within an organization. Teams can be categorized into many groups and at any level, such as management teams, quality circle teams, problem-solving teams, and department teams (Bethel University, 2013). Therefore, teams can be studied and suggestions can be made on meeting criteria in order to qualify for customized pay plans.
The next step is the design and this can be broken up into two sections logical and physical. In logical design, the information collected in the requirements phase is used to create the design whether it be a project or software system. Once this section is complete the design is then moved to the physical stage. The information given by the user or sponsor is used to create the physical design based on their specifications, this could mean numerous things such as specific measurements, or hardware and software.
Creating a delivery plan and incorporating risk mitigation strategies into the delivery plan. The third phase is the explore phase. This phase delivers product features. The aspects of this stage include delivering planned feature by managing workload, creating a collaborative project community that is facilitated by a project manager, and lastly managing the team’s interactions with customers and stakeholders. The fourth phase is the adapt phase, in which the results are reviewed from customer, technical people and process performance, and project status perspectives. The last stage is the close phase. The objective of this stage is to learn and incorporate what you have learned to pass on to the next project team. This should be a time of celebration of your success. APM’s should govern all project teams no matter how big they may be.
Incentive setting is important to motivate all team members to contribute more and stick together. More detailed KPI target setting for each individual is necessary, and incentive follows. Organization justice is critical in setting incentive.
Marketing would then start preparing for a launch date and execute the next step to manufacturing. “A failure to define the product before development begins is a major cause of both new-product failure and serious delays in time-to-market. In spite of the fact that early and stable product definition is consistently cited as a key to success, firms continue to perform poorly here” (Dr. Cooper & Dr. Edgett, 2006).
Companies that consistently bring new goods to market follow a process called new product development (NPD). The steps may vary depending on the company and good, but many successful new product launches follow roughly the operating procedure. The process begins with formulating an idea for a new good or service. The idea is then handed over to a project manager (PM) so that they can further refine the concept. Once the PM has chosen a concept, the company’s legal department will test, prepare and, if necessary, register the concept with the proper government agencies. Finally, the company will test the new good, mass-produce the product and analyze whether the new product launch is successful. Planning structures such as these help firms
Once a project has been approved, the next step in the project process is to develop a plan. A project plan provides a strategy in which an endeavor will progress and outlines the complete events essential to complete a project. The process also presents an outline for monitoring functions and milestones to track progress. A high level project plan must be developed in order to effectively outline the necessary activities, monitoring, and strategy in order for a project to be successful
Phase 1- Define: Initially the problem (defects occurring) is clearly and specifically defined. Consists of the project objectives, project team, process and the critical customer requirements
Develop Product Requirements: Customer requirements are refined and elaborated to develop product and product component requirements.
This the stage whereby a prototype is engineered with what little or more information collected from customer and then stage-2 occurs of doing up a quick design of the system software.
A Pre-study phase (including estimations) where the project team clarifies requirements, identifies risks, defines estimations (workload, costs), develops time schedule, identifies resources, performs feasibility study and defines the validation strategy. When completed, an end of Pre-study review is held with all project stakeholders to commit on pre-study results.
The Project Planner is updated once a newsletter is initiated, to keep a track of the timelines.