Ease product requirement and project tracking
All companies face an ever-shrinking product lifecycle in order to timely satisfy the diverging needs of global markets. This has resulted in an increasing number of concurrent product development programs, driving the needs for concurrent engineering methods. However, this also increases complexity due to the parallel activity of multiple functional teams. Coordinating these functional teams to prevent overloaded resources and bottlenecks is critical for optimizing cycle time.
Project Management allows companies to target zero delays with their product planning and development processes to achieve optimal cycle times within scope, capacity and resource constraints. Organizations can concentrate on the most profitable products while standardizing on best-in-class business processes across the extended enterprise.
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