Ideas
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No plan for contingencies.
Sudden changes in any phase of a PD project can be disastrous.

What to do about it!
Plan for contingencies through risk and change management activities (covered in more detail below). Experienced investors, board members, managers and team members can help in this area, since good risk and change management skills come from experience.

Unrealistic or optimistic schedules.
'Good Times (i.e. never any problems)' schedule creation, as well as, 'scheduling to impress' will blow any PD project out of the water very quickly.

What to do about it!
Here is where experienced, 'feet-on-the-ground' people can be of great help. Up-front, detailed consideration of the activities and resources required is the best way to develop a pragmatic schedule. Realistic schedules enable investors to understand their commitments, manufactures to consider their involvement, and suppliers to understand their requirements. Note that all involved do risk assessment of the PD program to determine their desire to participate. This is especially crucial for those seeking outside funding for their PD project.

 
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©2003, Richard M. (Dick) Haney
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