Stage-Gate Management
The Stage-Gate® process is a conceptual and operational roadmap for moving a new-product project from idea to launch. Stage-Gate divides the effort into distinct stages separated by management decision gates.
Cross-functional teams must successfully complete a prescribed set of related cross-functional tasks in each stage prior to obtaining management approval to proceed to the next stage of product development. The entrance to each stage is called a gate. These gates, which are normaly conducted as meetings, control the process and serve as:
n Quality control
n Budget authorization for the next stage of work
n Go/Kill check-points. Readiness-checks, must-meet and should-meet criteria
n Marker for action place for the next phase
The IFT offering is the only software solution to provide in one single integrated solution "best in class" New Product Development practices and functionality:
1. Portfolio and Idea Management
n At strategic level: alignment, product & technology roadmapping, financial planning, capacity planning
n At tactical level : idea & initiative mgmt, financial value, priorities, balance, budget & resource management
2. Stage-Gate Process
n Business Case, Evaluation and Scoring, Go/Hold/Kill, resource allocation, deliverable tracking
n Repeatable, reliable, measurable, auditable
3. Project Management
n Execution: planning & scheduling, matrix resource management, cost control, risk & progress monitoring
Stage-Gate® Ready Software
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The IFT 4.0. suite is certified Stage-Gate® Ready, fully complying with over 200 mandatory innovation related criteria and best practices.
The certification is provided by Stage-Gate Inc, the recognized market leader in product innovation methods and best practices.
Specifically built to support the business application layer of the NPD process, the IFT solution is easy to use and configure and can be installed, configured and adopted in 90 days or less.
Read the Press Release
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Key Capabilities
n Support of multiple standard processes to take into account project types, their size, complexity, duration, etc.
n Flexible definition of activities and milestones linked to each Stage and of deliverables and decisions linked to each Gate
n Fully configurable approval process with automating alerting of participants
n Central repository and control of Go/No Go/Kill/Recycle decisions
n Full integration of the stage-gate process with the project plan, resource scheduling and cost management
n Budget allocations linked to stage completions and gate approvals
n Automatic generation of project reporting and stage-gate related dashboards
n Integration with Stage-Gate Navigator, a comprehensive collection of idea-to-launch practices database, developed by Stage-Gate Inc.
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Stage-Gate® is a registered trade-mark of Product Institute Inc.