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Innovation, Product Development and Commercialization by Dariush Rafinejad

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PROJECT MANAGEMENT IN PRODUCT DEVELOPMENT

The process of product development and commercialization (PDCP) is implemented through the execution of one or several interrelated projects or programs. A project is an integrated set of activities that has clear start and end dates and that achieves a goal within certain specifications and a funding limit. In product development, the overarching program goal is development and commercialization of a product that meets the objectives of the MRS (market requirements specification). For every phase and the tasks within it, one or more projects are executed to advance the PDCP to completion. Often an ...

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