New product development resource forecasting

Research output: Contribution to journalArticle

1 Citation (Scopus)

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.


LanguageEnglish
Number of pages15
JournalR&D Management
Early online date12 May 2015
DOIs
Publication statusPublished - 2015

Fingerprint

Product development
Planning
Design of experiments
Decision making
Resources
New product development
Tactical planning
Strategic planning
Information resources
Resource planning
Development projects

Keywords

  • novel application
  • DoE
  • NPD
  • planning

Cite this

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title = "New product development resource forecasting",
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.",
keywords = "novel application, DoE, NPD , planning",
author = "Abigail Hird and Kepa Mendibil and Alexander Duffy and Whitfield, {Robert Ian}",
year = "2015",
doi = "10.1111/radm.12140",
language = "English",
journal = "R&D Management",
issn = "0033-6807",

}

New product development resource forecasting. / Hird, Abigail; Mendibil, Kepa; Duffy, Alexander; Whitfield, Robert Ian.

In: R&D Management, 2015.

Research output: Contribution to journalArticle

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AU - Hird, Abigail

AU - Mendibil, Kepa

AU - Duffy, Alexander

AU - Whitfield, Robert Ian

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AB - 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.

KW - novel application

KW - DoE

KW - NPD

KW - planning

U2 - 10.1111/radm.12140

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M3 - Article

JO - R&D Management

T2 - R&D Management

JF - R&D Management

SN - 0033-6807

ER -