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New Product Development Project Management

kevin9652
Published 20/06/2025 - 6 hours ago
Category
Technology
Description

Project Management for New Product Development (NPD) in the Omnex system is a well-structured, streamlined process that supports product innovation from start to launch. Like its NPD methodology, Omnex was developed using best practices and the expectations set by industry sources like APQP (Advanced Product Quality Planning) combined with best process practices in IATF 16949 and ISO 9001 to develop a robust new product development project management methodology that meets quality and customer needs.The Omnex system creates a framework for teams to work cross-functionally, monitor progress in real-time, and manage projects based on milestones for the product lifecycle. The assurance tools (FMEA, PPAP, DFMEA, PFMEA, Control Plans, etc.) are integrated into the database, ensuring that risk analysis and assurance will always be an integral function of the development process. The real-time, integrated dashboards and KPIs also create opportunities for the project manager to track project timelines, resources, and performance.Omnex’s digital solutions also create interoperability with product lifecycle management (PLM) systems to manage the correlation of document control, reviews, and regulatory requirements. The Omnex NPD system can accommodate both Agile and waterfall project approaches based on the complexity of the project and the needs of the customer.Overall, organizations using the Omnex system will significantly improve their time-to-market, lower/new product development costs, and ultimately improve their product quality. This flexible but comprehensive, standardized approach will not only improve internal efficiencies but also create confidence with customers that new products will be consistent and reliable when trying to market their new products.

 
 

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