Methodology - New product development plan and methodology
Today, the processes and methodologies used in product development are set to evolve with the maturity in process framework and quality benchmarks. The waterfall model was once an established standard and then we saw many variations and adaptations on the traditional approach. Just as there has been a shift towards the object-oriented approach in programming, the development approach is becoming more change-friendly by making it easier to change course, add or remove functionalities while an application is under development. Today, the world is talking about Agility or the Agile Development methodology.