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Article in Journal ()

New product development resource forecasting

Citation
Hird A, Mendibil K, Duffy A & Whitfield RI (2016) New product development resource forecasting, R&D Management, 46 (5), pp. 857-871.

Abstract
Forecasting resource requirements for new product development (NPD) projects is essential for both strategic and tactical planning. Sophisticated, elegant planning tools to present data and inform decision-making do exist. However, in NPD, such tools run on unreliable, estimation-based resource information derived through undefined processes. 

This paper establishes that existing methods do not provide transparent, consistent, timely or accurate resource planning information, highlighting the need for a new approach to resource forecasting, specifically in the field of NPD. The gap between the practical issues and available methods highlights the possibility of developing a novel design of experiments approach to create resource forecasting models.

StatusPublished
AuthorsHird Abigail, Mendibil Kepa, Duffy Alex, Whitfield Robert Ian
Publication date11/2016
Publication date online12/05/2015
PublisherWiley-Blackwell for RADMA
ISSN 0033-6807
LanguageEnglish

Journal
r&d Management: Volume 46, Issue 5

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