Meditating on that new product development decision? For example, have you ever wondered whether doing something was worth the cost and time spent doing it? For example, is it worth the added time and cost to add a new feature to a product you are developing, or to reduce the unit cost of the product, or to add resources, or to mitigate a particular risk?...In this Slideshare presenation you will learn:
- Intuition is often wrong when we compare it with an objective, easy to use, economic analysis of the decision’s impact on profit.
- It's most effective to consider both, intuition and analysis, when making project decisions
- How to make project decisions using an economic model
- Understand the impact of a decision on profit