Higher speed
Certain best practices make product development more efficient. Some of them are:
| Products with a superior differential advantage. | |
| Strong market orientation. | |
| Solid homework before development begins. | |
| Sharp product definition before development. | |
| Tough Go/Kill decision points in the process. | |
| A complete and yet flexible process with no omissions of error. | |
| Dedicated and empowered project leader and team. |
A high quality Stage-Gate process secures that best practices are built into each and every development project.
Huge profit potential (See details)
A high quality process can increase the company’s success rate by 10-30% and shorten time to market by 30%.
And this actually increases company profits by millions, frequently by just as many millions as the company's annual development budget.
 Companies with a high quality development process are significantly more profitable. Source: RG Cooper |
 The average project in industry is 50% delayed. But the companies in the top 20% complete most of their projects on time. Source: Jens Arleth |