NPD Jargon Buster: Capacity Planning

Learning Centre > NPD Jargon Buster: Capacity Planning

Capacity planning is a technique used in product development to ensure that the right mix of resources is available to develop a product on time.

Capacity planning is a technique used in product development to ensure that the right mix of resources is available to develop a product on time. Capacity planning is a technique used in product development to ensure that the right mix of resources is available to develop a product on time.
Contents

Capacity planning is a technique used in product development to ensure that the right mix of resources is available to develop a product on time. The goal is to avoid bottlenecks caused by insufficient resources and optimize the project portfolio so that development progresses smoothly. Capacity planning must consider the skillsets required for each stage of development and ensure that there are enough resources with the appropriate skillsets available at each stage. By carefully monitoring the flow of projects through development, capacity planning can help to efficiently and effectively develop the new products.

‍

Capacity planning is a technique used in product development to ensure that the right mix of resources is available to develop a product on time. The goal is to avoid bottlenecks caused by insufficient resources and optimize the project portfolio so that development progresses smoothly. Capacity planning must consider the skillsets required for each stage of development and ensure that there are enough resources with the appropriate skillsets available at each stage. By carefully monitoring the flow of projects through development, capacity planning can help to efficiently and effectively develop the new products.

‍

Key Takeways

Capacity Planning
Capacity
Jargon Buster
tags
#WednesdayWisdom
Accountability
Disruption
Apple, Inc.
Awards
Chemical Engineering
Ideas
Global Mega Trends
Leadership
Accountability
Business

Popular Posts

Can you give me a breakdown of what I can expect to pay for my product development project?
Can you give me a breakdown of what I can expect to pay for my product development project?
Facilitated Ideation Sessions vs Shower Thoughts (Who Wins?)
Facilitated Ideation Sessions vs Shower Thoughts (Who Wins?)
How Much Should You Spend on R&D and New Product Development?
How Much Should You Spend on R&D and New Product Development?
Why you may NOT be a good fit as a client of Innovolo's product development services
Why you may NOT be a good fit as a client of Innovolo's product development services

Related Articles

NPD Jargon Buster: Technology Transfer

Technology transfer is a bit like trying to get a cat into a bathtub. Y

Read on

NPD Jargon Buster: Technology-Driven

A new product or new product strategy based on the strength of a technical capability. Sometimes called "solutions in search of problems."

Read on

NPD Jargon Buster: Test Markets

A test market is like dipping your toe in the water before jumping in the deep end.

Read on

NPD Jargon Buster: Time-to-Market

Time to market is the length of time it takes to develop a new product, from an early initial idea for a new product to initial market sales.

Read on

NPD Jargon Buster: Total Quality Management

Total Quality Management comprehensively and continuously involves all an organisation's functions in improvement activities.

Read on

NPD Jargon Buster: Triple Constraint

The triple constraint is the combination of the three most significant restrictions on any project: scope, schedule and cost.

Read on

NPD Jargon Buster: Fuzzy Front End

The Fuzzy Front End is the messy "getting started" period of product development when the product concept is still very fuzzy.

Read on

NPD Jargon Buster: Work Plan

A detailed plan for executing a project, identifying each phase of the project, the significant steps associated with them, and the specific tasks to be performed.

Read on

NPD Jargon Buster: Whole Product

The term "whole product" refers to a product definition concept that emphasises delivering all aspects of a product which are required for it to have its full value.

Read on

NPD Jargon Buster: Value Proposition

A value proposition is a short, clear, and simple statement of how and on what dimensions a product concept will deliver value to prospective customers.

Read on

NPD Jargon Buster: Corporate Strategy

A corporate strategy is a vital tool for ensuring that a company's product development efforts are aligned with its overall business goals.

Read on

NPD Jargon Buster: Corporate Culture

Corporate culture can be defined as the "feel" of an organisation. Culture arises from the belief system through which an organisation operates.

Read on

NPD Jargon Buster: Core Competence

Core competence is a company's unique ability to provide customers with a distinctive competitive advantage.

Read on

NPD Jargon Buster: Core Benefit Proposition

The Core Benefit Proposition (CBP) is the central benefit or purpose for a consumer buying a product.

Read on

NPD Jargon Buster: Convergent Thinking

Convergent thinking is a technique used to narrow down a large number of ideas into a smaller group or a single idea.

Read on

NPD Jargon Buster: Ambidexterity

Ambidexterity is a vital skill in today's business world. Organisations must be able to balance exploitation and exploration to stay afloat.

Read on

NPD Jargon Buster: Consumer Need

In product development, a consumer need is a problem that the consumer would like to have solved. It is also what consumers would like a product to do for them.

Read on

NPD Jargon Buster: Consumer Market

The consumer market is the market for goods and services purchased by individuals and households rather than businesses.

Read on

NPD Jargon Buster: Consumer

In the context of product development, a consumer is defined as the most generic and all-encompassing term for a firm's targets.

Read on

NPD Jargon Buster: Conjoint Analysis

Conjoint analysis is a market research technique in which respondents are systematically presented with a rotating set of product descriptions.

Read on

NPD Jargon Buster: Concurrent Engineering (CE)

Concurrent Engineering (CE) is a methodology used in product development that emphasizes concurrent development of the product and manufacturing process.

Read on

NPD Jargon Buster: Concept Screening

Concept screening evaluates potential new product concepts during the discovery phase of a product development project.

Read on

NPD Jargon Buster: Concept Generation

Concept generation generates new ideas or concepts for products or services; this can be done individually or in groups.

Read on

NPD Jargon Buster: Concept

A product concept is a description of a new product idea that includes its primary features and consumer benefits.

Read on

NPD Jargon Buster: Competitive Intelligence

Competitive intelligence (CI) is a broad practice of collecting, analyzing, and communicating the best available information on competitive trends externally.

Read on

NPD Jargon Buster: Commercialisation

Commercialisation is the process of taking a new product from development to market. I

Read on

NPD Jargon Buster: Co-location

Co-location refers to the physical act of locating project personnel in one area; this enables more rapid and frequent decision-making and communication among them.

Read on

NPD Jargon Buster: Collaborative Product Development

Collaborative product development (CPD) is when two or more firms work together to create and bring a new product to market.

Read on

NPD Jargon Buster: Circular Economy

The circular economy is an economic system that is restorative and regenerative by design.

Read on

NPD Jargon Buster: Checklist

A checklist can be used to help identify all of the necessary steps in the development process, and to ensure that each step is completed properly.

Read on

NPD Jargon Buster: Charter

In product development, a charter is a document defining the context, specific details, and plans of a project.

Read on

NPD Jargon Buster: Champion

A champion is a person who takes a passionate interest in seeing that a particular process or product is fully developed and marketed.

Read on

NPD Jargon Buster: Centres of Excellence

A Center of Excellence (CoE) is an organizational or geographic unit with an acknowledged technical, business, or competitive competency.

Read on

NPD Jargon Buster: Cash Cow

Cash cows are products with a high share of a market with low overall growth.

Read on

NPD Jargon Buster: Carbon Credits

Carbon credits are a type of offset that can balance out emissions from businesses and other entities.

Read on

NPD Jargon Buster: Cannibalisation

Cannibalisation is the portion of the demand for a new product that comes from the erosion of the demand for (sales of) a current product the firm markets.

Read on

NPD Jargon Buster: Buyer

A buyer is the person who purchases a product, whether or not they will be the ultimate user.

Read on

NPD Jargon Buster: Business-to-Business (B2B)

Business-to-business (B2B) can be characterized as a business model that involves one business entity selling products or services to another business entity.

Read on

NPD Jargon Buster: Business Case

A business case is the result of the market, technical, and financial analyses conducted during the product development process.

Read on

NPD Jargon Buster: Business Analysis

Business analysis is the process of reviewing the business situation surrounding a proposed project and developing a financial plan for the project.

Read on

NPD Jargon Buster: Breakthrough Projects (aka Radical or Disruptive)

Breakthrough projects are those that strive to bring a new product to the market with new technologies; and depart significantly from existing organizational practices.

Read on

NPD Jargon Buster: Breakeven Point

The breakeven point is the point in the commercial life of a product when cumulative development costs are recovered through accrued profits from sales.

Read on

NPD Jargon Buster: Brand

A brand is a name, term, design, symbol, or other feature that identifies a seller's product or service as distinct from those of other sellers.

Read on

NPD Jargon Buster: Brainstorming

Brainstorming is a group method of creative problem-solving frequently used in product concept generation.

Read on

NPD Jargon Buster: Bottom-up Portfolio Selection

The bottom-up approach to portfolio selection starts with a list of individual projects and narrows it down through a process of evaluation and screening.

Read on

NPD Jargon Buster: Bowling Alley

A bowling alley is a type of early stage business strategy that emphasizes focused growth in specific niche markets.

Read on

NPD Jargon Buster: Bill of Materials (BOM)

The Bill of Materials is a critical tool in product development. Essentially, it is a list of all the subassemblies, intermediate parts, and raw materials that are needed

Read on

NPD Jargon Buster: Best Practice

There's no magic formula for developing successful products, but there are certain best practices that tend to improve the odds.

Read on

NPD Jargon Buster: Benefit

In product development, a benefit is an attribute expressed in what the user gets from the product rather than its physical characteristics or features.

Read on

NPD Jargon Buster: Benchmarking

If you want to develop a new product, you'll need to benchmark its performance against similar products. This process is known as benchmarking.

Read on

NPD Jargon Buster: Balanced Scorecard

The Balanced Scorecard is a comprehensive performance measurement technique that balances four performance dimensions.

Read on

NPD Jargon Buster: Balanced Portfolio

A balanced portfolio is one where the proportion of product development projects in specific categories focuses on strategic priorities.

Read on

NPD Jargon Buster: Backup

The lead project is the one that's moving ahead in development, while the backup task is lagging (or working in sync) to provide an alternative asset should the lead proj

Read on

NPD Jargon Buster: Technical Debt

Technical debt is the term used to describe the extra development work that is caused by taking shortcuts when building a product.

Read on

NPD Jargon Buster: Waterfall Product Development

The waterfall product development process is a linear approach to development where each phase must be completed before moving on to the next.

Read on

NPD Jargon Buster: Time to Market (TTM)

Time to market (TTM) is a measure of the elapsed time from when a product idea is conceived until when it is available for sale.

Read on

NPD Jargon Buster: Total Addressable Market (TAM)

The Total Addressable Market (TAM) is the total amount of revenue that a company can generate by selling its products or services to its target market.

Read on

NPD Jargon Buster: Triple Bottom Line

The Triple Bottom Line is a product development philosophy that takes into account, not just the financial bottom line, but also the social and environmental impact.

Read on

NPD Jargon Buster: Voice Of The Customer (VOC)

The Voice of the Customer, or VOC, is an important concept in product development. Simply put, it refers to the needs and wants of your target market.

Read on

NPD Jargon Buster: Vanity Metrics

Vanity metrics are those product development metrics that make us feel good but don't necessarily translate into real success.

Read on

NPD Jargon Buster: Porter's Diamond Model

Porter's Diamond Model is a framework for identifying the factors that contribute to the competitive advantage of a nation or region.

Read on

NPD Jargon Buster: Ansoff Matrix

The Ansoff Matrix is a tool used by businesses to help them plan their product development.

Read on

NPD Jargon Buster: Boston Matrix

The Boston Matrix is a tool used by businesses to help them make decisions about product development.

Read on

NPD Jargon Buster: User Story

A user story is a description of a feature or requirement from the perspective of the person who wants it.

Read on

NPD Jargon Buster: User Persona (or Avatar)

A user persona is a fictional character that represents a specific type of user of a product or service.

Read on

NPD Jargon Buster: Acceptance Testing

Acceptance testing is a process in product development whereby a prototype or product is heavy-duty and subjected to realistic environments and conditions.

Read on

NPD Jargon Buster: Acceptance Test Specification (ATS)

An acceptance test specification (ATS) is a document that defines the criteria that a product must meet in order to be accepted by the customer.

Read on

NPD Jargon Buster: Acceptance Test Procedure (ATP)

An acceptance test procedure (ATP) is a type of testing that is used to ensure that a product meets the specific requirements of the customer or client.

Read on

NPD Jargon Buster: Awareness

Awareness is a key metric in product development, as it helps to gauge how well a new product is being received by the target market.

Read on

NPD Jargon Buster: Autonomous Team

An autonomous team is a product development team that is completely self-sufficient, with very little need for input or supervision from the funding organization.

Read on

NPD Jargon Buster: Augmented Product

The augmented product is the core product, plus all other sources of product benefits, such as service, warranty, and image.

Read on

NPD Jargon Buster: Audit

An audit of new product development is an appraisal of the effectiveness of the processes by which the new product was developed and brought to market.

Read on

NPD Jargon Buster: Attribute Testing

Attribute testing is a quantitative market research technique in which respondents are asked to rate a detailed list of product or category attributes

Read on

NPD Jargon Buster: As-Is-Map

In product development, an as-is map is a version of a process map that depicts how an existing process actually operates.

Read on

NPD Jargon Buster: Anticipatory Failure Determination (AFD)

Anticipatory Failure Determination (AFD) is a failure analysis method used in product development.

Read on

NPD Jargon Buster: Analyser

"Analyser" is a term used in the business world to describe a company that follows an imitative innovation strategy.

Read on

NPD Jargon Buster: Analytical Hierarchy Process

The Analytical Hierarchy Process (AHP) is a decision-making tool for product development and other complex multi-criteria problems where both qualitative and quantitative

Read on

NPD Jargon Buster: Gamma Testing

A final stage of product testing in which the product is subjected to a series of extreme conditions (e.g., high temperatures or extremely heavy use) to ensure that it ca

Read on

NPD Jargon Buster: Beta Testing

Testing of a product by customers under real-world conditions.

Read on

NPD Jargon Buster: Alliance

In product development, an alliance is a formal arrangement with a separate company for the purposes of shared risk and reward.

Read on

NPD Jargon Buster: Agile Product Development

Agile product development is an iterative approach to product development that is performed in a collaborative environment by self-organizing teams.

Read on

NPD Jargon Buster: Affinity Charting

Affinity charting is a "bottom-up" technique for discovering connections between pieces of data.

Read on

NPD Jargon Buster: Adoption Curve

The adoption curve is the journey that consumers or a market take when adopting a new product or technology.

Read on

NPD Jargon Buster: Accidental Discovery

Accidental discovery is a new design, idea, or development from unexpected insight; this can be obtained from within the organization or from an external source.

Read on

Overcoming Inadequate Planning: How You Can Increase Capacity And Productivity In Your R&D Team

This blog post will discuss how to overcome inadequate planning and help your team become more productive.

Read on

The Top 8 Capacity Challenges R&D Teams Face and How You Can Address Them

R&D teams are under pressure to produce more innovative products, faster. But meeting this challenge can be difficult when your team is facing capacity constraints.

Read on

NPD Jargon Buster: Use Case

It helps you understand what people need from your product, and how you can design something that meets their needs.

Read on

NPD Jargon Buster: Usability Testing

Usability testing is a process in which potential users of a product are asked to use it in order to assess its strengths and weaknesses.

Read on

NPD Jargon Buster: Unique Selling Proposition (USP)

And it's even harder to keep their attention when they're bombarded with advertising from all sides. How can you make sure your product stands out?

Read on

NPD Jargon Buster: TRIZ (The Theory of Inventive Problem-Solving)

TRIZ works by understanding the relationships between different elements in a problem and then using that knowledge to find solutions.

Read on

NPD Jargon Buster: Work Package

The next and final document in this list is the Work Package (WP) and this is a document that essentially encompasses a set of project tasks.

Read on

NPD Jargon Buster: Quality Register

A Quality Register is a document that is produced to record activities that relate to quality. It attempts to control quality and any changes to it.

Read on

NPD Jargon Buster: Project Product Description

The next document is a Project Product Description, somewhat like the Product Description.

Read on

NPD Jargon Buster: Project Initiation Documentation (PID)

The next document is th Project Initiation Documentation or PID for short. This documentation is arguably the most important of any within the PRINCE2 project management

Read on

NPD Jargon Buster: Product Status Account

The Product Status Account breaks down the current product status, by communicating information such as test results, current cost status and varying factors.

Read on

NPD Jargon Buster: Product Description

The next document is the Product Description, and this is relatively self-explanatory. The outputs of the project may be a service, a product, or it could be both.

Read on

NPD Jargon Buster: Unarticulated Customer Needs

Even if you do your research and ask customers what they want, sometimes they can't articulate their real needs. They might not even be aware of them themselves.

Read on

What are Manufacturing Readiness Levels (MRLs)?

MRLs are quantitative measures used to assess the maturity of a given technology, component or system from a manufacturing perspective.

Read on

NPD Jargon Buster: Risk-Adjusted Net Present Value (ANPV)

In order to make sound decisions about product development, it's important to have a way to adjust for the inherent risk in early-stage projects.

Read on

NPD Jargon Buster: Net Present Value (NPV)

NPV, or Net Present Value, is one of the most common measures of NPD programs and of the portfolio.

Read on
Join 70+ companies accelerating their product development with Innovolo
Farm+Stable is a client of Innovolo, a product development as a service provider offering R&D teams globally extra capacity, capability, and momentum in their product development and obsolescence management projects. As a company that specializes in the development and engineering of products for the agriculture and construction industries, Farm+Stable has benefited from Innovolo's expertise in helping to bring new products to market quickly and efficiently. In particular, Farm+Stable has been able to rely on Innovolo's team of experienced engineers to help with the design and development of a new line of products that are designed to be more durable and longer-lasting than previous models. With Innovolo's help, Farm+Stable has been able to bring these new products to market in a timely manner, and they have been well-received by customers. Thanks to Innovolo's innovative product development solutions, Farm+Stable has been able to stay ahead of the competition and continue to grow their business.
Innovolo is a product development as a service provider. It offers R&D teams globally extra capacity, capability, and momentum in their product development and obsolescence management projects. Its services are used by clients in a variety of industries, including automotive, aerospace, consumer electronics, and medical devices. One of its clients is Kawneer, a leading manufacturer of aluminum products for the architectural and construction industries. Kawneer has been using Innovolo's services to help develop new products and to manage the obsolescence of its existing products. Thanks to Innovolo, Kawneer has been able to speed up its product development cycle and to reduce its costs. As a result, Kawneer has been able to bring new products to market faster and to better meet the needs of its customers.

Related Tools and Templates

No items found.

Brands Mentioned

No items found.