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What is PMP® ?

PMP®  or Project Management Professional is a project manager certification, offered by the Project Management Institute (PMI®).  Project Management Professional is the gold standard of project management and is the most desired as well as recognized professional certificate for Project Management.A Project Management Professional is an experienced project manager who is certified and trained to direct teams toward a project goal. Being PMP® certified is recommended as it helps project managers in their career growth by making them eligible to apply for the best roles in the top companies globally. They stay abreast with the new technologies, network with other certified colleagues of their same field, and stumble upon the best projects prospects.PMPs lead projects in almost every country, without focusing on a particular geography or domain, making PMP® truly global.An overview of PMP® certificationPMP® certified professionals demonstrate that a project manager possesses the knowledge, skill set, and experience to manage their projects and bring them to successful completion. They compile work from associative teams to form a final product that fits according to the client’s demands.By being PMP® certified, managers validate their knowledge, experience, and training, along with their ability to initiate, plan, execute, monitor, and control all the other factors involved in a corporate project.A PMP® certification helps a professional in the following ways:Grow in the role of project managerGives them a hike in their salary Stand apart from the other project managersHandle projects globallyGet value from your organization.What is the role of PMI? What does it do?Project Management Institute (PMI®), is a professional organisation for project management. It serves more than 2.9 million professionals, with 500,000 members in over 208 countries and territories around the world.It provides services in the development of standards, research, education, publication, hosting conferences and training sessions, networking opportunities in local chapters and providing accreditation in project management.It is recommended to be PMP-certified as it helps you to stay leveled up with the new developments, communicate in a better way with the employers and build a network with certified colleagues.PMP® HandbookThe Project Management Institute (PMI) has published a Project Management Professional (PMP®) Credential handbook. It holds and explains everything that one needs to know about the process of taking the PMP® examination and to become PMP® certified.It discusses the PMP® Eligibility, PMP® Exam Information, PMP® Exam Day and what one should do after the PMP® exam.Who all can apply for PMP® Certification?If you love to manage projects, make sure that everything and everyone is working with the best of their ability, and wish to be continued to be challenged in your career, then you are a desired candidate for PMP® Certification.Candidates wishing to be PMP®certified must meet certain educational and professional experience requirements in order to be eligible for PMP® certification. The following states the eligibility requirements:A four-year degree along with the following requirements:Minimum 36 months (3 years) of Professional Project Management experience4,500 hours of work in directing or leading projects.Minimum of 35 hours of Project Management education.A high school diploma along with the following requirements:Minimum 60 months (5 years) of Professional Project Management experience7,500 hours of work experience in project management.Minimum of 35 hours of Project Management education.All project management working experience should be augmented within the last eight years consecutively before you submit your application.How do I become PMP® certified? What is the examination process?Once the candidate has gained eligibility, he/she can now take the PMP®  certification examination within one year of the eligibility period. Candidates can opt for a computer-based test at nearby Prometric testing centre. The paper-based option is also available for locations with no Prometric testing centres.The candidate must answer 200 multiple-choice questions. 25 questions out of these 200 questions are pre-released ones, hence they are not included in the exam scoring. The final score of the examination is calculated based on the rest of the 175 questions. The candidates are allotted four hours to complete the centre-based examination.The following video will give you a clear picture of the process of becoming a PMP® certified professional.What are PDUs? After being PMP® certified, you need to renew your credentials every three years from the day of becoming a PMP®. PMP® Renewal can be attained by earning 60 PDUs (Professional Development Unit)  in a three-year period of time. This comes under the Continuing Certification Requirements (CCR) program, with the aim to maintain active certification status. The three year period is often referred to as a CCR Cycle. PDU RenewalThere are multiple options by which you can earn PDUs. You can choose to attend courses, seminars, webinars, or volunteer for the same. The main motive of PMP® renewal is to keep you updated with the current profession and also make a contribution back to the profession. The added advantage is the fact that you need not write the exam all over again! How is PDU Renewal beneficiary?In order to keep the PMP® practitioners updated with the changes in tools and techniques, PDUs renewal was introduced by PMI®. It reflects the knowledge, skills and tasks that project management professionals perform on a daily basis. This is done so that one doesn’t stay stuck to the tools and techniques that were introduced 30 years ago when the PMP® exam first came into existence. What is the cost of PMP®Certification?The overall cost of PMP® certification depends on different factors like PMP exam certification fee, the exam preparation courses and study guides. A set of possible expenses that you may be exposed to for acquiring a PMP® certification are mentioned below:FEE TYPECOSTPMI Annual Membership$139PMP Exam Testing FeeNon-PMI Members$555PMI Members$405PMI® offers the Project Management Professional Certification Examination for PMI® members as well as non-PMI members. The cost of examination for a PMI member is $405 (USD), while that for a non-PMI member is $555 (USD).The PMI® membership fee costs around  $129(USD) for new members, with an additional $10(USD) as a one-time application fee. This membership is valid for one year and needs to be renewed annually with a fee of $129(USD).To prepare yourself well for the PMP® examination, you can refer to many resources. PMBOK Guide (Project Management Body of Knowledge) which is issued by PMI®, covers most of the topics on which the questions are based on. Hence, it is an essential part of your preparation. The hard copy of the same is available for $70 and for PMI® members, it can be accessed for free as a soft copy (available on the PMI® website after becoming a member of PMI).Can I request for a refund for my PMP Certification? If yes, then how?To avail a refund for the PMP® certification, the candidate must make a request to the PMI® at least 30 days prior to the exam eligibility expiration date., though it will retain a processing fee of $100 (USD) if the candidate has not yet scheduled or taken the exam. The application will be closed and the eligibility period will no longer be valid after the refund has been processed.Also, a candidate can request for a refund if their application gets rejected or they fail an audit. PMI® will not provide the candidate with a refund in any of the following cases:If the candidates’ one year eligibility period has expired and he/she has not scheduled an examination, the whole fee amount will be forfeited. If the candidate still wishes to obtain the certification, he/she will have to reapply and submit the affiliated fee again. If the candidate has scheduled an examination but failed to take it, nor provided PMI® with the necessary cancellation or rescheduling notification, the whole fee will be forfeited. Benefits of PMP certification:Project Management is a challenging career, and as a PMP® certified practitioner, you will be able to face and overcome new challenges. There are various benefits that a PMP® certified professional comes across. To name a few:  Being PMP® certified will give your career an extra boost by making you eligible for the best roles in the top companies globally.Those with a PMP® certification garner a higher salary (20% higher on average) than those without a PMP® certification.The rigorous training and coursework of PMP® will help you to increase your versatility and expand your skill set.Being PMP® certified add credibility to your resume, making you stand out than the rest of the candidates.There is a global community for PMP certification holders where you can reach out to other project managers of the same field across the globe, helping you to expand your market and scope while at the same time, keep yourself up to date with the technology.PMP® certified project managers get hold of better job opportunities as they have knowledge, experience, and training for the same. They showcase better performance as compared to the non-certified managers.The standards for PMP® exams are higher than the other project management exams. With your skills and knowledge, you can work in a much more efficient manner.Being PMP® Certified can help you get challenging roles as the certification signifies your dedication to project management. Also, you will be trained to face such challenges in your day to day life.Career growth and opportunities with PMP:According to a survey conducted by PMI®, professionals with PMP® certification get a 20% hike in their salary as compared to a project manager who is not certified. The demand-supply equation for PMP® certified professionals is still tilted more towards the demand side. Hence, being credentialed acts as a major advantage. For the States, it is anticipated that the demand for project management professionals will upsurge to an estimate of 700,000 jobs by 2020. Project Management Professionals are found to be leading major projects in nearly every top organisation around the globe. PMP® professionals need not focus on a particular industry, domain or geography, making PMP® global on a true basis. A PMP® professional can work for any industry, in any location. They are known for their practices and coordination of projects in multiple and diverse industries, including government, IT sector, construction, energy/utilities, retail, digital media, healthcare, finance, etc.Learn more about the scope and growth as a PMP® certified professional by sharing your views and queries with the professionals in the field.

What is PMP® ?

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What is PMP® ?

PMP®  or Project Management Professional is a project manager certification, offered by the Project Management Institute (PMI®).  Project Management Professional is the gold standard of project management and is the most desired as well as recognized professional certificate for Project Management.

A Project Management Professional is an experienced project manager who is certified and trained to direct teams toward a project goal. Being PMP® certified is recommended as it helps project managers in their career growth by making them eligible to apply for the best roles in the top companies globally. They stay abreast with the new technologies, network with other certified colleagues of their same field, and stumble upon the best projects prospects.

PMPs lead projects in almost every country, without focusing on a particular geography or domain, making PMP® truly global.

An overview of PMP® certification

PMP® certified professionals demonstrate that a project manager possesses the knowledge, skill set, and experience to manage their projects and bring them to successful completion. They compile work from associative teams to form a final product that fits according to the client’s demands.

By being PMP® certified, managers validate their knowledge, experience, and training, along with their ability to initiate, plan, execute, monitor, and control all the other factors involved in a corporate project.

A PMP® certification helps a professional in the following ways:

  • Grow in the role of project manager
  • Gives them a hike in their salary 
  • Stand apart from the other project managers
  • Handle projects globally
  • Get value from your organization.

What is PMP Certification

What is the role of PMI? What does it do?

Project Management Institute (PMI®), is a professional organisation for project management. It serves more than 2.9 million professionals, with 500,000 members in over 208 countries and territories around the world.

It provides services in the development of standards, research, education, publication, hosting conferences and training sessions, networking opportunities in local chapters and providing accreditation in project management.

It is recommended to be PMP-certified as it helps you to stay leveled up with the new developments, communicate in a better way with the employers and build a network with certified colleagues.

PMP® Handbook

The Project Management Institute (PMI) has published a Project Management Professional (PMP®) Credential handbook. It holds and explains everything that one needs to know about the process of taking the PMP® examination and to become PMP® certified.

It discusses the PMP® Eligibility, PMP® Exam Information, PMP® Exam Day and what one should do after the PMP® exam.

Who all can apply for PMP® Certification?

If you love to manage projects, make sure that everything and everyone is working with the best of their ability, and wish to be continued to be challenged in your career, then you are a desired candidate for PMP® Certification.

Candidates wishing to be PMP®certified must meet certain educational and professional experience requirements in order to be eligible for PMP® certification. The following states the eligibility requirements:

A four-year degree along with the following requirements:

  • Minimum 36 months (3 years) of Professional Project Management experience
  • 4,500 hours of work in directing or leading projects.
  • Minimum of 35 hours of Project Management education.

A high school diploma along with the following requirements:

  • Minimum 60 months (5 years) of Professional Project Management experience
  • 7,500 hours of work experience in project management.
  • Minimum of 35 hours of Project Management education.

All project management working experience should be augmented within the last eight years consecutively before you submit your application.

How do I become PMP® certified? What is the examination process?

Once the candidate has gained eligibility, he/she can now take the PMP®  certification examination within one year of the eligibility period. Candidates can opt for a computer-based test at nearby Prometric testing centre. The paper-based option is also available for locations with no Prometric testing centres.

The candidate must answer 200 multiple-choice questions. 25 questions out of these 200 questions are pre-released ones, hence they are not included in the exam scoring. The final score of the examination is calculated based on the rest of the 175 questions. The candidates are allotted four hours to complete the centre-based examination.

The following video will give you a clear picture of the process of becoming a PMP® certified professional.

What are PDUs? 

After being PMP® certified, you need to renew your credentials every three years from the day of becoming a PMP®. PMP® Renewal can be attained by earning 60 PDUs (Professional Development Unit)  in a three-year period of time. This comes under the Continuing Certification Requirements (CCR) program, with the aim to maintain active certification status. The three year period is often referred to as a CCR Cycle. 

PDU Renewal

There are multiple options by which you can earn PDUs. You can choose to attend courses, seminars, webinars, or volunteer for the same. 

The main motive of PMP® renewal is to keep you updated with the current profession and also make a contribution back to the profession. The added advantage is the fact that you need not write the exam all over again! 

How is PDU Renewal beneficiary?

In order to keep the PMP® practitioners updated with the changes in tools and techniques, PDUs renewal was introduced by PMI®. It reflects the knowledge, skills and tasks that project management professionals perform on a daily basis. This is done so that one doesn’t stay stuck to the tools and techniques that were introduced 30 years ago when the PMP® exam first came into existence. 

What is the cost of PMP®Certification?

The overall cost of PMP® certification depends on different factors like PMP exam certification fee, the exam preparation courses and study guides. A set of possible expenses that you may be exposed to for acquiring a PMP® certification are mentioned below:

FEE TYPE
COST
PMI Annual Membership
$139
PMP Exam Testing FeeNon-PMI Members$555
PMI Members$405

PMI® offers the Project Management Professional Certification Examination for PMI® members as well as non-PMI members. The cost of examination for a PMI member is $405 (USD), while that for a non-PMI member is $555 (USD).

The PMI® membership fee costs around  $129(USD) for new members, with an additional $10(USD) as a one-time application fee. This membership is valid for one year and needs to be renewed annually with a fee of $129(USD).

To prepare yourself well for the PMP® examination, you can refer to many resources. PMBOK Guide (Project Management Body of Knowledge) which is issued by PMI®, covers most of the topics on which the questions are based on. Hence, it is an essential part of your preparation. The hard copy of the same is available for $70 and for PMI® members, it can be accessed for free as a soft copy (available on the PMI® website after becoming a member of PMI).

Can I request for a refund for my PMP Certification? If yes, then how?

To avail a refund for the PMP® certification, the candidate must make a request to the PMI® at least 30 days prior to the exam eligibility expiration date., though it will retain a processing fee of $100 (USD) if the candidate has not yet scheduled or taken the exam. The application will be closed and the eligibility period will no longer be valid after the refund has been processed.

Also, a candidate can request for a refund if their application gets rejected or they fail an audit. 

PMI® will not provide the candidate with a refund in any of the following cases:

  • If the candidates’ one year eligibility period has expired and he/she has not scheduled an examination, the whole fee amount will be forfeited. If the candidate still wishes to obtain the certification, he/she will have to reapply and submit the affiliated fee again. 
  • If the candidate has scheduled an examination but failed to take it, nor provided PMI® with the necessary cancellation or rescheduling notification, the whole fee will be forfeited. 

Benefits of PMP certification:

Project Management is a challenging career, and as a PMP® certified practitioner, you will be able to face and overcome new challenges. There are various benefits that a PMP® certified professional comes across. To name a few:  

  • Being PMP® certified will give your career an extra boost by making you eligible for the best roles in the top companies globally.
  • Those with a PMP® certification garner a higher salary (20% higher on average) than those without a PMP® certification.
  • The rigorous training and coursework of PMP® will help you to increase your versatility and expand your skill set.
  • Being PMP® certified add credibility to your resume, making you stand out than the rest of the candidates.
  • There is a global community for PMP certification holders where you can reach out to other project managers of the same field across the globe, helping you to expand your market and scope while at the same time, keep yourself up to date with the technology.
  • PMP® certified project managers get hold of better job opportunities as they have knowledge, experience, and training for the same. They showcase better performance as compared to the non-certified managers.
  • The standards for PMP® exams are higher than the other project management exams. With your skills and knowledge, you can work in a much more efficient manner.
  • Being PMP® Certified can help you get challenging roles as the certification signifies your dedication to project management. Also, you will be trained to face such challenges in your day to day life.

Career growth and opportunities with PMP:

According to a survey conducted by PMI®, professionals with PMP® certification get a 20% hike in their salary as compared to a project manager who is not certified. The demand-supply equation for PMP® certified professionals is still tilted more towards the demand side. Hence, being credentialed acts as a major advantage. For the States, it is anticipated that the demand for project management professionals will upsurge to an estimate of 700,000 jobs by 2020. 

Project Management Professionals are found to be leading major projects in nearly every top organisation around the globe. PMP® professionals need not focus on a particular industry, domain or geography, making PMP® global on a true basis. A PMP® professional can work for any industry, in any location. They are known for their practices and coordination of projects in multiple and diverse industries, including government, IT sector, construction, energy/utilities, retail, digital media, healthcare, finance, etc.

Learn more about the scope and growth as a PMP® certified professional by sharing your views and queries with the professionals in the field.

KnowledgeHut

KnowledgeHut

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KnowledgeHut is an outcome-focused global ed-tech company. We help organizations and professionals unlock excellence through skills development. We offer training solutions under the people and process, data science, full-stack development, cybersecurity, future technologies and digital transformation verticals.
Website : https://www.knowledgehut.com

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The main purpose of a project management software is to help in planning and tracking of the project components and facilitate communication between those involved.  Some of the project management software packages available in the market include: Monday.com Microsoft Projects Skype Celoxis  Wrike Benefits of project management software: There are several benefits that project management software have to offer. Specifically, a project management software should help with: Planning and scheduling:Planning and scheduling are the most important aspects of a project manager’s role. These include assigning tasks to resources, scheduling time for these tasks to be completed and allocating a budget for these tasks. Project planning and scheduling are used to attain project objectives and can be thought of as a comprehensive outline of the project objectives, scope, budget and time. An effective project management software should be able to help the project manager define and map project tasks efficiently.   Team collaboration:Successful projects require utmost collaboration and communication between team members. Today’s projects are more distributed, with teams working from different corners of the globe. In such a scenario having a tool that maximises collaboration between team members will also result in positive outcomes for the project. And not just team members, effective collaboration needs to be maintained with the clients and stakeholders too.This is especially true for Agile projects that focus on transparency and trust. An effective platform to communicate the project milestones and challenges will help keep everyone on the same page in the context of the project.  Task delegation:Task delegation is an important aspect of project management. A good project management tool will help in effective task delegation by allowing the creation of tasks, assignment of tasks to resources, setting of deadlines and generating status reports. Accessing and sharing files:Multiple team members working on a project will need to access shared resources such as files, trackers, reports etc. Efficient project management software should be able to provide a central repository of files and other shared resources that can be accessed by all team members, which in turn will enhance the productivity of the team.  Integrating new members:Just like a good project management software will help automate tasks and collaborate, it will also help in easy integration of new members to the existing team. Risk management and mitigation:Every project is prone to risk and an effective project manager will always think of ways to mitigate risks before they occur. Effective risk management requires the project manager to monitor and ensure that the project does not exceed scope, time or budget. A good project management tool should have the facility to help project managers protect projects against risks and changes through analysis, assessments and tracking.  Budget management: It’s very difficult to justify to stakeholders why the project budget has gone overboard. An effective tool should help a project manager create an accurate budget and help maintain it by monitoring costs and resources.  The markets are fluctuating and so are costs for resources. In such a case it is possible that a project that is very extensive will go over the estimated budget. The project manager can simplify budgeting and keep a track on costs by creating accurate trackers and reports. Adding new costs, tracking labour costs, adding extra costs such as risk mitigation costs etc aid the project manager in maintaining the project budget and ensuring that there is no overrun.  Remote working:Remote working has now become the norm, and the pandemic has made remote working a necessity rather than a convenience. Maybe a decade ago, managing projects remotely, getting resources to work together, allocating tasks etc would have seemed impossible. But project management tools available today have made remote working efficient and effective.  A good tool should allow team members who are geographically dispersed and separated by time zones to work effectively, collaboratively and without a break in communication. From helping team members access shared repositories to sharing ideas to communicating effectively, the project management software should be seamless for virtual teams.  Enhancing productivity:When your team has everything ready at its disposal and does not have to worry about anything other than the development of the project, then productivity increases and so does motivation to be productive. Efficient software can find loopholes in timelines, scope creep or budget and help you address them early on, thus helping you deliver better products on time and optimise processes. Your stakeholders in turn will be happy and so will your team members!  Effective communication:Effective communication is the single most important thing to ensure that a project, be it Scrum, Waterfall, XP or Kanban, is delivered effectively. The project management software should provide a platform where team members can communicate through chat messenger, video or voice calls. This helps disperse information at the right time and in the right format for the right impact.  To sum up... There are several project management software packages available in the market.  Organizations should choose the software which suits their projects and team members. Effective project management software will not just help you track the progress of your projects but will help create an efficient system of communication and collaboration with team members and stakeholders, monitoring performance and mitigating risks before they even occur.   
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What Is Project Management Software & What Are...

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What Is Product Development?

A company’s reputation is reflected in the brands and products it builds. All organizations strive to create products that reflect quality, sustainability and durability. A product’s lifecycle from its ideation to creation and shipping and distribution is a complex route and involves several processes, stages and teams across the company. In this blog we attempt to understand all about product planning and development and the various stages involved in it.  Product Development—what is it?Product development encompasses all the stages involved in a product’s lifecycle and includes everything from its ideation to design, development, testing, and finally shipping and delivery. Irrespective of what product is being developed, whether it’s an IT product or a manufacturing product, the product lifecycle is always the same.   How is Agile Product Development different? The agile approach to product development was born in the nineties when a group of software experts got together and created the Agile Manifesto, the bible for the agile methodology which laid down the guidelines to create processes that would help teams to use new methods for software development. The aim of agile was to put the focus back on the team, customers and quality and help organizations cope with a changing business scenario, making them more resilient to change. Agile uses the idea of iterative product development that requires the collaboration of self-organizing teams to define requirements and implement solutions. Agile product development produces high quality software—on time and within budget and which can improve on recommendations from the client.What are the needs & importance of Product Development?There are many needs for Product Development:  To bring in new products into the markets To improve existing products To increase market share, revenue and profits To scale up to competition To enhance organizational reputation by launching quality products To benefit customers by giving them new and improved products To respond to market changes by launching new products or revising existing ones. The different stages in Product DevelopmentWhile the stages in product development may be different for different organizations and products, there are a few standard steps that all products follow: Ideation: Before jumping in and building the product, the need for the product has first to be established. What is its need, and what problem is it solving? How popular will it be? These and more answers justifying the need for the product can be got from surveys, research and communication with clients and customers. Conceptualization/design planning: The need for the product has been established. The creators have identified what problem or issue needs to be solved. Now they have to devise how the product that they build will solve the issue. Some solutions may be easy to come up with while others may need more in-depth research and brainstorming. The entire team comes together and designs how the product will shape up and how it will serve customer needs.   Developing the product roadmap: The product roadmap is a plan of action that defines the short- and long-term goals of the product to be built. This is an important stage in the product development lifecycle as it outlines the product priority features that need to be delivered first and also outlines the progress of the product over time. The product management team develops the product roadmap. Developing the first version: Also called the minimal viable product, the development team creates the first version of the product that has the bare minimum functionality, but which allows the user to interact with it end to end. The MVP is further iterated and enriched based on user feedback.  Testing: Testing is a part of the development process in Agile product development. It happens in parallel with the development. Continuous testing and continuous feedback help make the product better and ensures continuous improvement.  Releasing the product: The product is released to the customer. Improving based on feedback: This is an ongoing phase where the product is continuously upgraded based on customer feedback. How to create a Product Development Plan in simple StepsProduct development includes stakeholders in order to understand their requirements and concerns while building the product. Every product development lifecycle must include a few basic steps which are important to ensure that the product delivered is of the expected quality. Create a product vision: No product can be built without an idea and a vision. The product vision and idea will define how it will be built and for whom, how it will shape up and what solutions it will provide. The product vision is created after consultations with the stakeholders. Agile is all about the customers and it is important that they are involved from the beginning till the end in the product development. The product vision is the primary stage in product development and also probably the most critical. It may be a little unclear in the early stages but through market research and analysis it soon develops into a ready reckoner for the team as it outlines the product goals and milestones that need to be delivered.  Build the product roadmap: Agile follows the principle of early and continuous delivery of valuable software. The product roadmap defines the features of the product that must be prioritised in order to deliver a minimal viable product to the customer. The roadmap helps the teams to decide the time intervals at which features need to be delivered. The roadmap is built by taking into consideration customer requirements, market trends, and effort required.  Build the product: Once the roadmap has been agreed upon, the teams decide the schedules and the project is broken down into smaller chunks, which in Scrum are called epics and sprints. Once a minimum viable product is created it is continuously iterated in order to improve it, based on feedbacks and testing.Product Development Vs Product ManagementProduct development is concerned with the actual development of the product.  It may comprise of teams that are involved with the implementation of the product such as developers, designers, testers, etc.  Product Management on the other hand is a wider umbrella and comprises of how the product goals will align to the overall organizational objectives and business goals. It includes a whole lot of processes that are all concerned with building the product, improving it and marketing it. The product management team liaises often with the stakeholders and ensures their buy-in during product development.  How Does the Product Roadmap work in Product Development?The product roadmap helps the stakeholders see the broader strategic vision by aligning the product development with the goals and business objectives of the organization. The product roadmap helps the development team by giving them the vision of the product so that they might ensure meeting deadlines and delivering milestones, while avoiding scope creep and mitigating risks. The product roadmap is a go-to document for Product Owners and managers who use it to collaborate, assign tasks, create the product backlog and define priorities.  The product roadmap is also a reference point for the organizational leadership as it helps them understand the overall scope of the project, the liabilities, risks and the advantages associated with the product.  Who Benefits from Product Development?The Organization: This refers to the organization that has created the product for an end-user. The organization that creates the product will not just have its reputation enhanced as a formidable and quality-oriented organization but will also reap the profits of having created a quality product. The organization can counter stiff competition by creating a product that re-affirms its position in the market.  The end-user: The end-user gets a product that is high in quality and solves issues that the user might have faced earlier.  The team: The development team/teams that have created the product have much to gain from product development. The experience of having worked in a high-quality project, the satisfaction of having built a great product along with the goodwill from the stakeholders all go in favour of the development team members.A Last Word Product development is a continuous process. If there are consumers there will be product development. Agile has redefined product planning and development by putting the onus back on the customer. Agile product development follows methods that reduce overheads and streamline processes, ensuring timely deliveries and customer delight.  
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What Is Product Development?

A company’s reputation is reflected in the brand... Read More

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