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Accomplishments: PTM Process Redesign

Title

PTM Process Redesign 

Situation

The Product to Market (PTM) process was taking to long to execute.  It was taking from 12 months to 30 months to complete.  Products were not getting to market in a timely manner causing problems with keep pace with the market and loosing revenue.

Obstacles

Many people were using different renditions of the PTM process.  For the company there was no consistent way to manage product development or know what stage the product was in the PTM process. 

Actions

To lesson the amount of time to deliver a product, to provide a consistent way to view progress and to manage the process consistently there were several change that needed to occur.
  1. An agreed upon PTM process must be mapped and communicated to the organization.
  2. Benchmarks needed to be identified for average time to complete a product
  3. A centralized site needed to be created to track and communicate the progress of products

Results

In 8 weeks:
  • Identified a PTM process that all could follow
  • Developed a centralized site to manage products going through the PTM process
  • Communicate the new process and site to all departments
  • Cut down product development to 3 to 6 months.

Category

HC 

lr

 
Attachments
Created at 8/17/2009 2:16 PM  by Peter Allen 
Last modified at 8/17/2009 2:27 PM  by Peter Allen