Controlling New Product R&D Projects

How do you go about controlling new product R&D projects? What are some of the effective ways of doing this control? Let us find out together below.

Controlling New Product R&D Projects

Controlling new product R&D projects can be quite tricky. Firstly, it is hard to keep track of the many phases that the product goes through. Secondly, it is hard to control new product R&D projects because there are so many stages, formulas, and equations to keep in mind.

So, it is a good idea to use spreadsheets to ease the burden on your memory. Keep a spreadsheet with all of your formulas and equations. You can also use this spreadsheet to keep track of the phases and where you are in these phases.

The first step of controlling new product R&D projects is to organize the resources and information that you need for the project. You need to make sure that you have at least one or two people helping you manage and organize these resources. 

Then, these people will help you keep track of everything that is going on during the project, as well as everything that has already taken place. The more hands you have on this project, the easier it will be to control.

Controlling your new product R&D projects can be made easier by setting up checkpoints for each phase of the project. This will help you keep track of where you are in the project and how close you are getting to finishing it. If a certain part of your project is taking longer than expected, then you will know exactly where it is taking too long and how much time it should take. 

Further, setting up checkpoints like this also helps prevent problems from happening in later phases of your project. Because they give you time to catch mistakes before they ruin later steps in your project.

Controlling New Product R&D Projects: How?

Now that we have talked about how to organize your resources and set up checkpoints for your project, let us talk about how exactly you are going to control these new product R&D projects. 

Here are a few things that can help with this control:

• Limit the number of tasks being done at once (you cannot do ten things at once)
• Break down large tasks into smaller tasks (if possible)
• Set up checkpoints for each phase (you should never get too far ahead or too far behind)
• Divide large tasks into smaller tasks (so if one task fails or gets behind than others can compensate)
• Always keep a spreadsheet with all of your formulas and equations
• Keep track of all resources

Avoid These Things

Here are a few things that will hurt your control of these projects:

• Doing too many things at once (you cannot do ten things at once)
• Doing too much work in one phase (if you do this, then other phases may fall behind or fail)
• Not breaking down large tasks into smaller tasks (if you cannot break the task down than it should not be so large)

In avoiding these, you can ensure that your efforts will pay off.