Collaborative Product Development
Collaborative Product Development (CPD) is a business strategy and collection of software applications that facilitates different organizations to work together on the development of a particular product in a limited period of time.
Features:
- Collaboration is the basis for bringing together the knowledge, experience and skills of multiple team members to contribute to the development of a new product.
- As such collaboration is the basis for concepts such as concurrent integrated product development.
- Making the most collaboration requires a strategic, integrated approach.
- 99Digits partnership agreements are based on development cost and future revenues from sales and maintenance.
- 99Digits contributes to the development costs of technical and creative expertise.
- Partner firms contribute to capital, marketing and distribution capabilities.
- Both usually contribute specialized technology capabilities that lead to the development of highly complex products or systems.
- Competitiveness – Collaboration increases the competitiveness and innovation of new technology.
- Competitive Advantage – The benefits of using external organizations groups or teams to bypass the organizations technology would increase the competitive advantage.
- Profit – Limited risk to both parties as the scope; price and timelines are fixed in this model.
- Knowledge Transfer – CPD benefits both clients and the developers ‘benefits in sharing their knowledge..
- Strategic Value – Without giving up the organizations fixed assets can create strategic value.
- Data Sharing – Companies can facilitate comprehensive, real-time in-process data sharing.