Quantitative Methods
What is a discount rate?
Rate at which you discount future cash flows to calculate their present value.
What are the main strengths of using Qualitative methods?
Qualitative studies make it possible for the firm to analyze intangible and long-term non-numerical variables within the planning of new projects and R&D management.
What is Agile Development?
The product is broken up into many smaller parts or features that are built and released quickly, enabling the developers to get feedback and fix bugs early.
What is the House of Quality?
The house of quality is a matrix that maps customer requirements against product attributes.
What is a financial option?
The right to buy/sell a stock at an agreed upon price (exercise price) at a later date.
Which are the main roles within screening questions?
Role of customer, Role of capabilities and Project timing and cost
What ability should companies apply to be successful nowadays?
In many industries, the ability to develop new products quickly, effectively, and efficiently is now the single most important factor driving firm success.
What are go/kill decision points?
Go/kill decision points are gates established in the development - stage-gate - process where managers have to evaluate whether or not to kill or proceed with the project.
How do most firms determine the IRR?
Calculate manually by trial and error. Inserting an increasingly big discount rate to determine NPV of a project and forcing it to become 0
Where would the iPad be situated within the project map?
At the time of introduction the iPad would have been located as a breakthrough project.
What is the four-step principal crowdsourcing challenges?
1. Need translation
2. Connecting
3. Evaluation/selection
4. Acquisition
What method of improving NPDP helps firms prioritize their development efforts in order to reduce failure?
Failure Modes and Effects Analysis
What is capital rationing?
Management allocates a finite quantity of resources to different possible investment opportunities or projects. A fixed amount of capital is rationed to projects/investments for which then a list of possible projects/investments is listed and management deliberates which to choose on the basis of a number of metrics such as highest NPV
What does the efficiency frontier represent?
The best performance possible at each variable measured in the DEA analysis.
For a new product to be successful in the marketplace, it must offer...
more compelling features, greater quality or more attractive pricing than competing products.
A recent incarnation of computer-aided manufacturing is three-dimensional printing, whereby ...
a design developed in a computer aided design program is literally printed by laying down thin horizontal cross sections of material until the model is complete.