The concept of the Stage-Gate process is derived from the product innovation management. It involves specific design of the development process, product innovations, in which different stages of the process are distributed among decision-making points.
Each stage includes a defined series of activities that relate to the development phase of product. Each decision-making point contains a reference to the specific criteria, on the basis of which the management shall decide on the continuation or discontinuation of funding for a given project of innovative product development.
Decision is be taken on the basis of specifications, analysis of requirements and other criteria, to which managers compare results of the given stage of product development.
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- Cooper, R.G.; Edgett, S.J.; Kleinschmidt, E.J. (2002) Optimizing the stage-gate process: What best-practice companies do-I, Research Technology Management, 45.5