As product development organizations with constrained resources aim to make the most of their product pipelines, they are turning to project portfolio management. And PPM vendors are taking note, adding specialized capabilities to their offerings.
Research and Development. R&D. Most of us have heard this phrase without paying much attention to it. As a matter of fact, most of us work in R&D. But what do these two terms mean? And more importantly, what is the implication of doing research versus doing development on your company's bottom line?
The Need for Speed - The Rapid Application Development process delivers a system very quickly by focusing on implementing a single business system design area, a prioritized subset of the set of business areas that comprise the enterprise as a whole. The RAD approach is most suitable for small, focused projects with well-defined data and feasible technical architecture requirements. RAD optimizes project speed through such management techniques as prototyping, timeboxing and iterative development.
This comprehensive project plan proposes a Rapid Application Development (RAD) approach to implementing a complete customer business service system (processing of customer contacts, accounts, billing, etc.). It reports the findings of a six-week planning/investigative phase and forecasts the analysis, design, construction and testing phases of the project.
The intention of the proposed RAID Log template (Risks, Actions, Issues, Decisions) is to consolidate all of the key reporting elements for stakeholders into one place. This may not be as powerful as some of the dashboards presented in COTS PM software; however, it helps for those who do not have access to such software. This document can be archived to the project database upon completion of the project for organization learning via knowledge management software.