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New product development resource forecasting

Hird, Abigail and Mendibil, Kepa and Duffy, Alexander and Whitfield, Robert Ian (2015) New product development resource forecasting. R&D Management. ISSN 0033-6807

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Abstract

Forecasting resource requirements for new product development (NPD) projects is essential for both strategic and tactical planning. Sophisticated, elegant planning tools to present data and inform decision-making do exist. However, in NPD, such tools run on unreliable, estimation-based resource information derived through undefined processes. This paper establishes that existing methods do not provide transparent, consistent, timely or accurate resource planning information, highlighting the need for a new approach to resource forecasting, specifically in the field of NPD. The gap between the practical issues and available methods highlights the possibility of developing a novel design of experiments approach to create resource forecasting models.

Item type: Article
ID code: 54620
Keywords: novel application, DoE, NPD , planning, Engineering design, Business, Management and Accounting(all), Business and International Management, Strategy and Management, Management of Technology and Innovation
Subjects: Technology > Engineering (General). Civil engineering (General) > Engineering design
Department: Faculty of Engineering > Design, Manufacture and Engineering Management
Depositing user: Pure Administrator
Date deposited: 10 Dec 2015 21:51
Last modified: 14 Aug 2018 00:08
URI: https://strathprints.strath.ac.uk/id/eprint/54620
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