Eight Critical Factors for Business Success

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Product Engineering and Development

Technology is transforming consumer demands at a rapid clip — and product development cycles are racing to keep up. For example, Gartner predicts the Internet of Things will create $1.9 trillion in economic value-add by 2020. That has industries scrambling to update their product lines to capture their piece of the pie. 

When product development processes are ambiguous, developers, engineers and managers rely on assumptions and guesswork to get the job done. Without a clear product development strategy, there's no guarantee that what you come up with will satisfy your customer. While the product development process must be flexible enough to accommodate adjustments, unchecked changes can destroy the most disciplined project plan. 

Building business capability allows your organization to move beyond heroic effort and isolated success to repeatable performance and continuous improvement. Understanding the most salient capabilities to an organization enables businesses of every size, in every industry, to elevate performance and align tactical execution with strategic goals.

CMMI® Institute models have helped thousands of organizations by providing roadmaps for understanding, developing, and confirming the capabilities necessary to reach key strategic goals. The company recently released the "Top 8 Capabilities to Strengthen Your Business in 2015," a list of the top capability areas that make up a proven framework for organizations to quickly understand how well their business is doing in the capabilities that matter most to them.

 

Related Topics : A Big Market for Big Data Jobs, Midmarket CIO, IT Management Automation, SharePoint, Technology Markets

 
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