Managing product development timelines and milestones

Managing product development timelines and milestones involves overseeing the process of creating a product or service and ensuring it is completed on time and within budget. This capability includes developing timelines and milestones, tracking progress against those timelines, identifying and mitigating risks, and communicating updates to stakeholders. It also involves promoting a culture of collaboration and accountability, and maintaining positive relationships with customers and stakeholders.

Beginner competence definition

At the beginner level, professionals understand the basic principles of product development and the company’s policies and programs related to project management. Beginner-level professionals can participate in managing product development timelines and milestones, communicate effectively with team members and stakeholders, and follow established protocols and procedures related to project management.

Intermediate competence definition

Intermediate-level individuals have a deeper understanding of project management strategies and their application to the company’s products or services. They can lead efforts to develop timelines and milestones, track progress against those timelines, identify and mitigate risks, and communicate updates to stakeholders. They also communicate effectively with team members and stakeholders, and train and coach others on project management strategies and policies.

Advanced competence definition

At the advanced level, professionals have a comprehensive understanding of project management strategies and their application in complex, global organizations. They can design and implement project management programs that comply with legal and regulatory requirements, promote collaboration and accountability, and align with the company’s overall business goals and values. They are able to use advanced techniques such as agile project management, risk management, and stakeholder engagement to manage product development timelines and milestones, and use those insights to inform business decisions and strategies. We have found that advanced-level professionals have strong leadership skills with the ability to inspire and motivate teams to achieve product development goals and drive continuous improvement throughout the organization.