Project do not start with Contract signature and end with system commissioning. Planning prior to the Contract and key actions post commissioning are of equal importance to activities during the design, procurement and site phases.
Stage gates structure and managing proactively the transition from one phase to another of a project, provides the following advantages.
Identification of Problems
Each gate can help understand whether product development is on the right track. The process provides a roadmap for identifying and mitigating issues from the feasibility of a product to its development, testing, validation, and launch.
Assessment of Progress
Even when a project is approved, the execution of the project requires constant assessment and possible course correction. The Stage-Gate Process provides a simple and robust mechanism to do just that.
Identification of Poor Performance
The tight scrutiny of a project under the Stage-Gate Process can help identify projects that aren’t performing at an early stage, giving the opportunity to fix the issue before it is too late.
Helps Reduce Complexity
While the various facets of the Stage gate Process can be complex, the structure itself reduces complexity. It can help gather the scattered pieces associated with multiple facets of the project and streamline them using a structured model to assess the project’s feasibility and performance.
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