
The Stage-Gate Process
The Stage-Gate Process is a structured approach for managing product development, dividing it into distinct phases called "stages," separated by decision points known as "gates." During each stage, teams work on specific tasks like research, design, and testing. At each gate, a review assesses progress, risks, and resource needs, determining whether to move forward, revisit earlier steps, or stop the project. This process helps organizations efficiently manage resources, reduce risks, and improve the chances of developing successful products by ensuring careful evaluation at each critical point.