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.
This time I will consider the work breakdown structure. (Or Gantt if you prefer.) The work breakdown structure enables the project manager to create estimates for work and financial costs on a project at a task level. And then to track progress on the project against these tasks. This is achieved with a graphical view of the data commonly known as the Gantt chart.