The Principles of Product Development Flow - Second Generation Lean Product Development

Key Insights:

1. Product development should be seen as a flow, not a sequential process.
2. The importance of understanding and managing queues in product development.
3. The concept of Cost of Delay (CoD) and its impact on decision-making.
4. The role of variability in product development and why it should not be eliminated.
5. The application of the principles of Lean in product development.
6. Decentralized control as a vital component in speeding up decision-making and limiting the cost of delay.
7. The significance of fast feedback and rapid iterations in product development.
8. Batch size reduction to improve flow and limit variability.
9. WIP constraints can...

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