Product Development Management (PDM) was never just about the mere creation of GANTT charts, utilizing Microsoft Project for project plans and managing budgets through the Microsoft Excel. It entails a deeper understanding that each product development project is inherently unique, requiring customized approaches to piece the puzzle together effectively. This is why applying the right PDM tools is critical in offering the team insights into project management, strategy and planning; eventually expediting the commercialization of the products.
Applying the appropriate PDM tools can also enhance the communication between the companies and teams, especially crucial in the medtech sector, where interactions with diverse departments is essential. Employing the common and right lingo used by specific departments will foster better understanding and alignment among team members, leading to increased efficiency and optimized resource management, ultimately yielding faster outputs.