Managing Projects for New Product Development: Fixed, Flexible, or Mixed Approaches? : A Study on Suitability Decisions

Abstract: Businesses within the physical product domain seek to transform the way they manage new product development, through more flexible approaches. Traditionally, this was done through a fixed approach, characterized by linear and rigid workflow. In this context, however, a complete transition over to a flexible approach, characterized by iterative workflow and adaptability, is not feasible in most cases. To increase flexibility more suitably, hybrid approaches emerged, which combine elements from fixed- and flexible project management approaches. Existing literature lacks in the area of suitability assessment for when and how to combine these two approaches. Therefore, this exploratory study set out to identify factors that affect the suitability of any of the three approaches, fixed, flexible, or hybrid. The thesis took a qualitative approach, collecting data from semi-structured interviews and company documents. Interviewees included project managers and developers. Thematic analysis was used for data analysis. The findings revealed a total of 19 relevant factors within four primary areas, Communication & Engagement, Knowledge & Principles, Contextual Constraints, and Risk & Change Management. Stakeholder- and Team Communication and engagement were shown to be highly influential and recurrent factors. The practical contributions of the thesis aim towards increasing the assessment capabilities amongst managers, trying to determine the suitability of any particular project management approach. By evaluating the factors, conditions regarding the characteristics of a project can be established and more appropriate management approaches can be adopted.