The main benefit of a stage-gate process for product development is that it:
A)Is faster
B)Helps to reduce risk
C)Allows for greater parallel processing of development stages
D)Reduces management overhead costs

Question

Quizplus · Accepted Answer

The main benefit of a stage-gate process is that it helps to reduce risk in product development. This is because each stage is carefully evaluated and approved before moving onto the next stage, ensuring that the project stays on track and aligns with the overall business strategy. While it may not necessarily make the process faster or cheaper, it does allow for greater visibility and control over the development process, which ultimately leads to a higher quality and more successful product.

The Main Benefit of a Stage-Gate Process for Product Development