Project Management in Engineering and Technology
New products -- Planning, Technology -- Management, Project management, Hierarchical Decision Model, Decision making
Evaluation and selection of new projects is vital to the health of an organization. This paper explores the background of new project selection and the methodologies to evaluate new projects for selection. To illustrate the process, a new product selection evaluation is performed for North African Food Products (NAFP) using a Hierarchical Decision Model (HDM). NAFP is the pseudonym for an existing confidential food products company in North Africa. Two improved existing and eight new products were evaluated using the pair wise comparison method. HDM experts were consulted for construction of the model. Five products were selected for consideration by NAFP managers. The research methodology is discussed and appendixes for the data and interviews are provided. The new products selected for development were either improved existing or new products from NAFP‟s existing production lines. The results were validated by post survey interviews with the NAFP managers. Conclusions and suggestions for future research are also provided.
Gomez, Fredy; Lai, Ho-Min; Ball, Larry; and Alawini, Abdussalam, "Project Selection for New Product Development utilizing a Hierarchical Decision Model" (2010). Engineering and Technology Management Student Projects. 784.