Development Plan Stephen Lawrence and Frank Moyes Graduate School of Business University of Colorado Boulder, CO 80309-0419.

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Presentation transcript:

Development Plan Stephen Lawrence and Frank Moyes Graduate School of Business University of Colorado Boulder, CO

Development Plan

Introduction (1 paragraph) Development Strategy (~2/3 page) Development Timeline (~2/3 page) Total Length: ~2 pages Examples See sample plans on course website

“Development” Defined What must be done between now and when you open your doors for business (or collect your first dollar in revenue) Development plan may include Product / service development Organizational development Successive products / services Roll-out strategies

Development Questions What work remains to be done? What factors must come together? What are we doing to bring them together? What are the risks our development? Are they technological risks? Cost risks? Competitive risks? How will we mitigate these risks?

Flexible Product Development Iansiti and MacCormack, “Developing Products on Internet Time,” Harvard Business Review, 1997

Flexible Product Development Development Implementation Start Concept Freeze Market Introduction Development Implementation StartConcept FreezeMarket Introduction Total Lead Time

Flexible Product Development Specification Design Testing Implementation Stabilization / Ramp-Up Sense the Market

Development Timeline Schedule for development Major milestones Tie-in with marketing plans Major obstacles and mitigation plans

Development Timeline Tool for illustrating timeline…

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