The document discusses the project management process, which includes 5 groups: initiating, planning, executing, monitoring and controlling, and closing. It describes each group in 1-2 sentences. For example, the initiating group involves developing a business case and charter, and identifying stakeholders. The planning group involves creating plans for scope, schedule, budget, quality, risk, resources, and communications. The executing group involves structured new product development work through various stages.

1. Idea Insights from GNPS
Project Management Process
Groups
Episode 15-28
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2. Idea Insights from GNPS
What is a Project?
• Projects are temporary in nature
• Temporary team
• Unique product, service, or result
• Examples
• Installing new software system
• Building a new refinery
• Developing a new product
• On-going work involves day-to-
day operations
• Repeatable and predictable
• Examples
• Monthly bookkeeping
• Manufacturing diesel fuel
• Sales of existing product
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3. Idea Insights from GNPS
PM Process Groups
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Initiating
Planning
Executing
Monitoring
and
Controlling
Closing

4. Idea Insights from GNPS
Initiating
• Business case for the project
• Market needs
• Technology advances
• Regulatory requirements
• Key output is a Product Innovation Charter (PIC)
• Links the innovation strategy to the execution plan
• Identify stakeholders
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5. Idea Insights from GNPS
Planning
Scope Schedule Budget Quality
Risk
Human
Resources
Communications Stakeholders
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6. Idea Insights from GNPS
Executing
• New product development work is done in stages of
structured NPD process
• Work of project includes team member development, quality
• Market research is key for NPD success
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Opportunity
Identification
Idea
Generation
Concept
Evaluation
Technical
Development
Commercial
Launch

7. Idea Insights from GNPS
Monitoring and Controlling
• Want to catch problems early!
• Monitoring measures the progress of the project
• Controlling allows corrective actions
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8. Idea Insights from GNPS
Closing
• Evaluate the new product commercialization
• Post-launch review
• Also called lessons learned review
• Feedback for future projects
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9. Idea Insights from GNPS
For More Information
• See the full post at the Idea Incubator Blog
• www.globalnpsolutions.com/idea-incubator/
• Free registration
• Contact me!
• 1-281-280-8717
• info@globalnpsolutions.com
• 2323 Clear Lake City Blvd., #180-177
Houston, TX 77062
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