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.
There are a variety of tools that you can use to create a Gantt chart and project timeline. For example, with a Microsoft Project Gantt chart, you can display the critical path or change the color or shape of the bars. A Microsoft Gantt chart also lets you link tasks with dependencies.