product development. The creation of products with new or different characteristics that offer new or additional benefits to the customer. Product development may involve modification of an existing product or its presentation, or formulation of an entirely new product that satisfies a newly defined customer want or market niche.
What is the purpose of a Gantt Chart? A Gantt Chart is a timeline that is used as a project management tool to illustrate how the project will run. You can view individual tasks, their durations and the sequencing of these tasks. View the overall timeline of the project and the expected completion date.
1 A summary table in its most basic form is an action list of the tasks and completion dates. 2  A Gantt chart is the most common form for representing a project schedule. 3  A Gantt chart can show a wealth of information and is often used to visually compare actual progress against estimated or baseline completion dates.