with Cerri Project
tools to help you maximize ROI and achieve your full productivity potential.
Here are some.
new product development (NPD)
Product management is the discipline of guiding a product throughout its lifecycle, from initial concept to market launch and ongoing evolution. It focuses on defining product strategy, understanding customer needs, prioritizing features, and ensuring alignment with business objectives.
Product management acts as a coordination layer between functions such as development, marketing, sales, and operations to ensure that products deliver measurable value and remain competitive over time.
New Product Development (NPD) is the structured process of bringing a new product or service from idea to market launch. It encompasses the full lifecycle of innovation, including ideation, evaluation, development, validation, and commercialization.
In enterprise environments, NPD is typically managed as a governed lifecycle, where progress depends on validated decisions, risk readiness, and investment justification rather than task completion alone. Many organizations structure NPD using phase-based or gated approaches to control risk and resource commitment.
The NPD process is commonly organized into seven stages designed to manage uncertainty, investment, and decision quality as an idea moves toward market launch.
The seven stages typically include:
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Idea generation: Identifying new product opportunities from market insights, customers, or internal innovation
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Idea screening: Evaluating ideas based on strategic fit, feasibility, and potential value
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Concept development and testing: Refining selected ideas into clear concepts and validating assumptions
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Business analysis: Assessing costs, pricing, demand, risks, and expected return
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Product development: Designing, building, and testing the product
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Market testing: Validating product readiness and go-to-market assumptions
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Commercialization: Launching the product and scaling production, marketing, and support
In many organizations, these stages are governed through formal review points to ensure informed decisions before advancing further.
Effectively managing NPD requires structure, visibility, and disciplined decision-making across all stages of the lifecycle.
Organizations that perform well typically focus on:
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Clearly defined phases with explicit objectives and deliverables
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Formal review and approval points to assess readiness before progressing
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Cross-functional alignment between R&D, engineering, marketing, finance, and operations
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Centralized documentation and data to maintain traceability and consistency
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Early identification and management of technical, regulatory, and market risks
Rather than treating NPD as a linear checklist, leading organizations manage it as a governed lifecycle, where advancement depends on decision readiness and validated assumptions.
Managing product development projects effectively requires more than basic task or collaboration tools.
The most helpful tools for NPD environments typically combine:
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Project and portfolio management to track timelines, dependencies, and investments across initiatives
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Phase-based workflows to support structured reviews and decision checkpoints
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Resource and cost management to control effort, budgets, and capacity over long development cycles
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Document and deliverable management to ensure traceability and compliance
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Portfolio visibility to prioritize ideas and products based on strategic value and risk
Enterprise PPM platforms such as Cerri Project support these requirements by providing configurable NPD stages, governed workflows, and portfolio-level oversight – enabling organizations to manage product development from early ideation through launch without losing control or visibility.



Task Management
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