Stage-Gate Process
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Abstract
The Stage-Gate Process is a project management tool, which divides the time horizon of a project into several stages. These individual stages are separated by so-called gates. When reaching a gate, an appointed committee will make a go/kill/recycle decision about the project. A Stage-Gate Process is complementary to other project evaluation methods that, for example, evaluate resource availability, project-related risks or costs and benefits of the project.
The concept was introduced by Cooper (1986) in his book 'Winning At New Products' and gained a lot of attention from industry [1]. Big companies, like Procter & Gamble (P&G) and 3M, have adopted the Stage-Gate Process to formalize their projects [2]
References
- ↑ Cooper, R.G. (1986). Winning At New Products. Addison-Wesley, ISBN 0201136651
- ↑ Cooper, R.G. (2008). Perspective: The Stage-Gate Idea-to-Launch Process — Update What’s New, and NexGen Systems, Product Development & Management Association, Journal of Product Innovation Management. Vol. 25. pp 213–232
