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Cost of delay: Calculating economic value to increase profit (Part 7)

Eric Graves - 02/28/17 07:26 PM

This is Part 7 in a series of posts discussing Cost of Delay and making objective decisions in new product development, based on economic analysis.

...

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What is Cost of Delay?

Elyssa Pallai - 02/28/17 05:15 PM

What is Cost of Delay?

The Cost of Delay is the amount of money it will cost the company if a product launch is delayed. It’s a metric you need to...
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Lean Product Development: The Business Opportunity of the Century

David Paulson - 02/14/17 06:34 PM

Lean Product Development 

People sometimes tell me they’re having trouble getting their company interested in applying Lean and Agile concepts to...

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Agile for Hardware - Free eBook

Elyssa Pallai - 02/14/17 06:31 PM

The most obvious difference between hardware and software is that hard goods cannot be undone, twisted, adapted and adjusted at the same rate, or...

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Innovation and New Product Development: If you thought you couldn't learn Lean NPD lessons from Girl Scouts, think again…!

David Paulson - 02/9/17 04:32 PM

You probably weren’t surprised last week when we shared lean product design examples from Elon Musk. But did you ever think you would learn about...

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Lean Product Development: Positive Economics of Failing Fast

David Paulson - 02/2/17 06:15 PM

One of the topics that frequently arises when I'm talking to someone about lean product development is the concept of failing fast. They usually tell...

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Innovation and Lean Product Development: Solving the LA Traffic Problem with Flow

Elyssa Pallai - 02/2/17 04:31 PM

New product development and innovation are the lifeblood of your company. This series explores innovation and what can happen when project teams...

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Innovation and Lean Product Development: Achieving Flow

Elyssa Pallai - 01/26/17 04:45 PM

Creating great products involves problem-solving at every stage of development.Sometimes the barriers faced by the team seem insurmountable and the...

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Visual Project Management Software: Create flow and innovate

Elyssa Pallai - 01/12/17 05:00 PM

As engineers we are empowered to create great things - develop innovations that change the world. In order to make these innovations a reality, we...

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Top 7 Benefits of Visual Management Software

Elyssa Pallai - 01/6/17 11:15 PM

7 Benefits of Visual Project Management Software

Visual work management is critical to speeding up your new product development projects. If your new...
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Project Risk Management: Where is the Bull in Your Risk Management Process?

Elyssa Pallai - 01/3/17 03:46 PM

This is a guest post by Kathy Morrissey from Strategy 2 Market, a Playbook partner that specializes in new product development consulting for medical...

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Lean and Agile? Yes, it's both in hardware development!

David Paulson - 12/15/16 05:55 PM

Lean and Agile in Hardware Development

There seems to be some confusion about which works best for the hardware development process. This makes...

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Early Learning in Hardware Development

Eric Graves - 12/15/16 04:00 PM

Early Learning in Hardware Development

This series is a comprehensive review of Agile and how to apply Agile to hardware product development.We look...

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Top 10 Lean and Agile Posts From 2016

Elyssa Pallai - 12/13/16 04:44 PM

At the end of each year we compile our list of the top ten Lean and Agile posts. Here’s 2016’s.

So grab a glass of egg nog, make your way to your...

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Making Hardware Development More Agile

Eric Graves - 12/1/16 06:23 PM

Optimizing Hardware Development to be More Agile

So how do you make hardware development more Agile? In this part, part 5, we examine Agile's 3 and...

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The Top Cause of Project Delays (It's Not What You Think)

Elyssa Pallai - 12/1/16 05:02 PM

Welcome to Playbook’s Three Lean Product Development Links. Why are projects late? We spend a lot of time thinking about this very question at...

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Agile Values

Eric Graves - 11/15/16 02:26 PM

Component procurement time, component cost, and the variety of skills needed on most hardware development projects are greater and represent in our...

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Setting a target launch date (project baseline) too early is a recipe for project delays

Eric Graves - 11/3/16 04:31 PM

Lean methods and Agile principles recognize that it’s almost impossible to get anything absolutely right the first time. Testing and iterating are...

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Agile Hardware Development: Agile Principles 4 - 12

Eric Graves - 11/1/16 05:25 PM

We agree. Hardware product development is different than software. So when we apply Agile principles, we need a different approach.

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Is your project behind schedule? This could be why.

Elyssa Pallai - 11/1/16 04:37 PM

At PLAYBOOK we spend a lot of time thinking about how to speed up Lean product development projects. In fact, that’s mostly what we do. We take this...

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The invisible, nefarious cause of project delays …!

David Paulson - 10/27/16 05:11 PM

Lean Project Management - The Cause of Project Delays

In a previous blog post, I mentioned how electronic lean/agile/kanban visual project management...

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Lean Agile Case Study: SensorLink

Elyssa Pallai - 10/20/16 04:15 PM

We had a chance to talk to Robert Pendergrass, Engineering Manager, about SensorLink's experience with Playbook.

SensorLink develops advanced...

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Risk Management for Hardware (Part 12): Risk Mitigation Strategy

Eric Graves - 10/18/16 04:15 PM

Making the trade-off between scope, schedule, and cost, and making decisions that maximize the top-level goal of making a profit is at the heart of...

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Prioritizing Hardware Projects at the Program Level

Paul DeLong - 10/12/16 06:21 PM

Prioritizing Projects at the Program Level

Have you ever imagined what it would be like working in a company where you were literally supporting 3 to...

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Visual Management - Return on Investment

David Paulson - 10/6/16 04:20 PM

Visual Management

Visual management allows you to have tangible everyday conversations about the work in progress -- it makes work visible. It's such...

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Tips for Improving Your Hardware Development Process

Elyssa Pallai - 10/4/16 04:55 PM

Welcome to Playbook’s Three Lean Links. Innovating quickly is on the top of everyone's agenda. But streamlining your hardware development process to...

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7 Tips for Improving Your Hardware Development Process

Elyssa Pallai - 09/22/16 07:42 PM

Looking to refine your hardware development process? Here are 7 Lean and Agile principles to refine your process and deliver projects faster...

7...

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What is Lean Product Development

Eric Graves - 09/21/16 03:34 PM

What is Lean Product Development?  The Lean landscape is confusing because there are many flavors of Lean. But here is our definition...

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What is Lean Project Management for Hardware?

Elyssa Pallai - 09/13/16 04:19 PM

What is Lean project management?

Lean is any process improvement that substantially improves the throughput of your system, sustainably.

So, it is...

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Cost of Delay - What it is, how to calculate it

Elyssa Pallai - 09/2/16 05:00 PM

What is cost of delay? Understanding Cost of Delay is the key to making product development decisions based on economic loss or gain. In fact, the...

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Resource Leveling - A Step by Step Guide

Eric Graves - 08/30/16 06:05 PM

Resource leveling is the process of using a company's resources in the most efficient way possible. To some, high efficiency is the same as high...

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3 Articles on Innovation and Lean Product Development

Elyssa Pallai - 08/25/16 04:30 PM

Welcome to Playbooks’s three Lean Product Development links. Innovation is on everyone's minds. It's a primary driver of company profit. Here are...

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Lean and Agile Transformation

Paul DeLong - 08/18/16 04:30 PM

Let’s face it. No one likes change. Lean and Agile transformation isn’t for the weary or weak. It goes way beyond investing in Visual Project...

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Top 6 Lean Product Development Posts

Elyssa Pallai - 08/16/16 04:30 PM

In the spirit of celebrating the best of the best, here are our top six gold medal blog posts of 2016. Happy reading...

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Objects Impacted and Modular Architecture

Eric Graves - 08/2/16 03:46 PM

Objects Impacted and Modular Architecture

It's critical to capture the objects impacted by a risk in order to understand risk exposure, as well as...

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Critical Chain Project Management - It's all about the team!

Paul DeLong - 07/26/16 04:30 PM

Great teams deliver great products. To win the game of product development, you need methods that inspire team thinking and teams that know how to...

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Free Lean Training

Elyssa Pallai - 07/7/16 05:39 PM

Looking to create flow and improve your delivery timelines? In this post we share free Lean training resources, including our on-demand webinar...

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The Rise of the Robots

Elyssa Pallai - 06/24/16 07:40 PM

This post is a bit off the topic of Lean, but totally on topic for everyone interested in integrated product development. The changes taking place...

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3 Tips for a Successful Lean Transformation

Paul DeLong - 06/23/16 04:41 PM

Whether you’re trying to quit biting your nails, snacking late at night, or transforming your culture to Lean, change is tough. For the latter it...

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Lean visual project management software

Elyssa Pallai - 06/16/16 04:37 PM

Let’s face it, Lean project management isn’t a topic that drums up a whole lot of interest in social settings. 

This is generally what happens when I...

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Agile Hardware Development: Playbook's Lean Links

Elyssa Pallai - 06/7/16 04:30 PM

Welcome to Playbook’s Three Lean Product Development Links. Can Agile be applied to hardware development? It can. Here are three Lean links that...

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Visual Project Management Software: Play the game and see what you've been missing!

David Paulson - 06/2/16 06:39 PM

Does this sound familiar? Intuitively you know visual project management software is worth the investment, but how do you effectively communicate the...

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Lean Case Study: Spectranetics

Elyssa Pallai - 05/19/16 11:30 AM

Lean Case Study: Spectranetics

At Playbook we are always looking for innovative ways to make projects move forward faster, while increasing project...

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Building great product development teams

Elyssa Pallai - 05/17/16 06:05 PM

So what makes a great product development team? Here are three Lean links that will make you rethink your approach to "team!"

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5 Visual Project Management Software Requirements

Elyssa Pallai - 05/10/16 05:35 PM

Visual project management is critical for creating flow in your Lean product development projects. If you are working with manual project boards,...

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New Thinking in Lean Product Development

Elyssa Pallai - 04/23/16 11:00 AM

Looking for some new material on Lean thinking? This week we have a smorgasbord of big ideas from Don Reinertsen, Michael Balle and the Lean...

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Implementing Lean in the Enterprise: Case Studies from LPPDE

Elyssa Pallai - 04/19/16 12:08 PM

This is a guest post by Richard Lindstrom from eBOM, a Playbook partner based in Sweden. Richard attended the LPPDE conference in Raleigh, North...

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Playbook Lean Leadership Training Resources

Elyssa Pallai - 04/14/16 05:00 PM

Playbook has several FREE resources available for rapid Lean product development training. On-demand webinars, eBooks, templates, training courses...

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Lean Product Development: Why did we focus on the wrong end of the value chain...?

David Paulson - 04/5/16 06:13 PM

Lean Product Development Value Chain

Manufacturers have known for years that one of the primary tenets of Lean is to identify what the customer...

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Lean R&D In the Cloud

Elyssa Pallai - 03/29/16 03:36 PM

This is a guest post by Richard Lindstrom from eBOM based in Sweden. eBOM provides cutting edge Lean consulting for R&D companies like SenSair,...

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eBook: Applying Agile to Hardware Product Development

Elyssa Pallai - 03/25/16 04:58 PM

Due to the popularity of our blog series on Applying Agile to hardware new product development projects, we decided to create an easily shareable...

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Project Risk and Project Objectives

Eric Graves - 03/17/16 05:11 PM

Project Risk and Project Objectives

Evaluating risks starts by defining and understanding a project’s objectives. If there aren’t any objectives,...

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Lean Product Development: Project Risk

Elyssa Pallai - 03/8/16 04:40 PM

This week we look at project risk and embracing uncertainty. Is a project team's ability to embrace uncertainty the key to success? After reading...

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Agile vs. Waterfall Product Development

Eric Graves - 02/26/16 06:00 PM

Agile vs. Waterfall

Recently I came across an article on the Dummies.com website comparing the traditional Waterfall method (Phased and Gated) to the...

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Why do new product development differently? Get the eBook!

Elyssa Pallai - 02/17/16 06:15 PM

In this post we explore why it's time to do product development differently and introduce you to an apporach that works, Exploratory PD® (ExPD). ExPD...

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Lean Product Development: Prioritizing Work and Task Management

Elyssa Pallai - 02/5/16 06:54 PM

Are you firefighting and multitasking to stay on top of your work? Are you wondering how to establish clear, correct and common priorities in your...

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Four Agile Product Development Techniques That DON’T Work for Hardware

Eric Graves - 02/2/16 06:40 PM

At Playbook, creating velocity in product development projects has been our passion for 18 years. As a result, we’ve analyzed Agile and other product...

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Lean Product Development Links: Stimulating Creativity and Innovation

Elyssa Pallai - 01/20/16 09:15 PM

Creativity and Innovation

Looking to stimulate more innovation and agile problem solving in your organization? This week we explore methods for...

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The Sweet Spot Between Agile and Waterfall Project Management

Elyssa Pallai - 01/12/16 06:00 PM

What is the Sweet Spot Between Agile and Waterfall

There is no doubt project management methods have evolved and the traditional Phase Gate or...

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8 Lean Project Management Principles to Increase Project Velocity

Elyssa Pallai - 01/7/16 06:00 PM

It makes sense that if you increase speed to market, you increase profit. Unfortunately, organizations are struggling to move hardware development...

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PLAYBOOK's Lean Product Development Links: December 11th

Elyssa Pallai - 12/11/15 10:47 PM

Welcome to PLAYBOOK’s blog series: Three Lean Product Development Links. This week we cut straight to the chase with the three most popular blog...

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PLAYBOOK's Lean Product Development Links: November 6th, 2015

Elyssa Pallai - 11/6/15 06:32 PM

Welcome to PLAYBOOK’s blog series: Three Lean Product Development Links. To deliver a great product, you need a great team. This week's Lean Links...

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'Twas the Nightmare Before PLAYBOOK

Elyssa Pallai - 10/30/15 04:45 PM

Davy, the project manager sat alone. Distressed. He leaned over the project plan as he had done so many meetings before, squinting, trying to read...

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Playbook's Lean Links: October 23, 2015

Elyssa Pallai - 10/23/15 10:38 PM

Welcome to PLAYBOOK’s blog series: Three Lean Product Development Links. One of the key Principles of PLAYBOOK’s Lean Project Management method is to...

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With Lean Product Development You Need A Plan!

Elyssa Pallai - 10/22/15 09:35 PM

This is a guest post by Therese Graff from Strategy 2 Market, a Playbook partner about the importance of planning in Lean product development....

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PLAYBOOK's Lean Links: October 16, 2015

Elyssa Pallai - 10/16/15 09:17 PM

Welcome to PLAYBOOK’s blog series: Three Lean Product Development Links. 

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PLAYBOOK's Lean Links: October 9, 2015

Elyssa Pallai - 10/9/15 09:05 PM

Welcome to PLAYBOOK’s blog series: Three Lean Product Development Links. This week we focus on great reads - our favorite lean product development...

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PLAYBOOK's Lean Links: October 2, 2015

Elyssa Pallai - 10/2/15 08:07 PM

Welcome to Fall and to PLAYBOOK’s Three Lean Project Managment Links blog series.

We curate Lean project management links from around the web and...

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PLAYBOOK’s Lean Links: September 25th 2015

Elyssa Pallai - 09/25/15 06:05 PM

Welcome to Fall and to PLAYBOOK’s Three Lean Project Managment Links blog series.

We will be curating Lean Project Management links from around the...

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11 Tips for Implementing Lean Project Management

Eric Graves - 07/14/15 08:01 PM

I heard recently some people in software development were proposing that there be ‘no projects’, because ‘projects’ create batches and stifle project...

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Lean Product Innovation: Interview with David Paulson

Elyssa Pallai - 03/24/15 10:01 AM

Lean Innovation Interview with David Paulson

David Paulson, our CEO was recently interviewed by

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LPPDE Europe 2014 Day 3

Elyssa Pallai - 01/1/15 02:11 PM

Our value added reseller, eBOM, based in Sweden is attending LPPDE Europe and has shared some interesting images and insights into what’s happening...

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Visual Management: Strategy 2 Market Gets Lean with Playbook

Elyssa Pallai - 01/1/15 02:06 PM

This is a guest post from Strategy 2 Market, a Playbook partner based in Chicago. Strategy 2 Market provides Lean New Product Development consulting...

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Lean Case Study: Uncovering Risks Early

Elyssa Pallai - 12/31/14 10:59 AM

This is a guest post by Mary Drotar from Strategy 2 Market, a Playbook partner that specializes in new product development consulting for medical...

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LPPDE North America - Live Blog

Elyssa Pallai - 09/23/14 06:30 AM

Playbook is excited to be a sponsor of LPPDE North America. Today we will be live blogging much of the conference. LPPDE showcases thought leaders in...

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LPPDE Europe 2014, Copenhagen

Elyssa Pallai - 06/3/14 12:50 PM

Our value added reseller, eBOM, based in Sweden is attending LPPDE Europe and has shared some interesting images and insights into what's happening...

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Lean Startup Methodology and Early Learning

Eric Graves - 05/20/14 05:49 PM

The series explores the relationship between Lean Startup Principles, Knowledge Based Product Development, and Project Risk Management, and how they...

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Lean Startup Methodology

Eric Graves - 03/20/14 06:19 PM

Lean Startup Methodology and Product Development

There has been a lot of discussion about Lean Startup principles and whether they apply to hardware...

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Five Things Innovative, Lean and Agile Project Managers are Changing About the Way They Work

Elyssa Pallai - 02/25/14 11:45 AM

Product development should be fun, exciting, predictable, and of course profitable too. We also believe it is possible to have schedules that satisfy...

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Cost of Delay and Strategic Advantage

Eric Graves - 02/1/14 09:26 PM

Uncertainty in Product Development

Gaining a strategic advantage through statistics and mathematical analysis is changing the game of product...

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3 Secrets of Highly Successful New Product Development Executives

David Paulson - 12/19/13 02:54 AM

3 Secrets of Highly Successful New Product Development Executives

At Playbook, we work with a lot of great Fortune 500 companies that are adopting...

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Lean and Agile New Product Development Systems and How They Parallel a Fighter Jet Flight System

Eric Graves - 11/16/13 09:27 PM

Being an Aerospace Engineer by training, I find some parallels from time to time between product development systems and flight systems. One that I...

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Oh What A Night! The CU New Venture Challenge

Elyssa Pallai - 11/1/13 03:33 AM

I am so glad I can say that I did not miss the CU New Venture Challenge Pitch Night held in Boulder this evening. It was an evening of creativity,...

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Audible Ready - Lean Project Management

David Paulson - 10/22/13 09:10 AM

Welcome to Playbook's's blog, Lean and Agile product development blog. Running projects requires the ability to adapt to new information quickly and...

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11 Lean and Agile Tips for Achieving Your Project Launch Date

Eric Graves - 10/19/13 09:09 AM

I heard recently some people in software development proposing that there be "no projects," because projects create batches and stifle flow. Being a...

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Changing Mindsets by Applying Lean and Agile Methods

Eric Graves - 09/12/13 09:11 AM

Hello world! This is my first entry into the blogging business. I hope to have many great discussions with you. Please allow me to introduce myself....

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