This course concentrates on the exploration of the planning and control decisions required when developing a new high-technology product. Students are formed into groups and presented with a scenario that requires the development of a plan that will guide their organization through entry into a new business area. When developing the new product-offering plan, students must consider a wide variety of questions that their top management will need to have answered prior to making a decision to either accept or reject the plan. Other topics include the role of planning and control in project management; processes for responding to a request for proposal (RFP); assignments to prepare a statement of work (SOW), a work breakdown structure (WBS), and a critical path network (CPN) for the new product development plan; earned value performance measurement; analysis of project performance measures; integrated project planning; new product development considerations; enterprise information systems applications; and risk management.
Holub, Liggett, Shinn