Technology is transforming consumer demands at a rapid clip—and product development cycles are racing to keep up. For example, Gartner predicts the Internet of Things will create US$1.9 trillion in economic value-add by 2020. That has industries scrambling to update their product lines to capture their piece of the pie.
When product development processes are ambiguous, developers, engineers and managers rely on assumptions and guesswork to get the job done. Without a clear product development strategy, there’s no guarantee that what you come up with will satisfy your customer.
While the product development process must be flexible enough to accommodate adjustments, unchecked changes can destroy the most disciplined project plan.
How CMMI Can Help
By starting with the practices outlined in the CMMI for Development model, you will design processes based on the best practices of high performance organizations.
Use the links below to discover, explore, and adopt the CMMI suite of resources and training to build capability in your organization.
St. Jude Medical saw a
30% Increase in product deliveries to market while reducing development costs by 15%.