Lecture D: Project Management and Teams

Question 1

What is the stage gate process?

Answer 1

1. Concept phase
2. Design
3. Development
4. Test

Question 2

When is the stage gate model appropriate?

Answer 2

When there is a simple product

Question 3

What are three types of process models?

Answer 3

1. Sequential process (stage gate): control and communication
2. Parallel process: speed and integration
3. Iterative process: Fast uncertainty reduction

Question 4

What is a traditional and open stage gate model?

Answer 4

Traditional: Closed evaluation criteria

Open: Including outside people and allowing them to submit ideas

Question 5

What is the iterative process?

Answer 5

The model searches for a business plan by starting off with the idea and then determining how the business model should be adapted to include the idea