Product Development

BUSINESS CHALLENGE
Not all product ideas are good ideas and not all good product ideas make it to market. Many companies struggle to direct their resources toward the products with the highest potential. Resources are often spread thin across a range of products hoping that one will hit it big. In many cases, by the time these products reach the market, they have missed their opportunity window and have exceeded their cost expectations, putting the expected return on investment out of reach.

COVESTIC'S SOLUTION
Covestic brings a fresh, expert perspective from outside your organization to provide a clear vision of the situation or opportunity. This outside view helps us identify opportunities to move forward with the greatest efficiency that may not be clear to internal staff members who are entrenched in the current processes. Our project management professionals can help you restructure your product portfolio to meet opportunity versus risk tolerance expectation, and right-size the number and type of products to your budget and resource capacity.

Covestic's project leaders can also help to drive efficiency throughout the product lifecycle by bringing best practices, templates and tools to support everything from the initial product request through business case development and product approval to project planning and delivery to plan. Covestic designs these processes to ensure that proper checkpoints are established at critical points in the delivery plan to review activity, resource and budget status and decision funding for next steps. Our project managers deliver the leadership for your team and involved 3rd parties to ensure that scope-impacting issues are addressed proactively. At the conclusion of the product lifecycle, Covestic assesses delivery performance relative to the original business plan and offers recommendations to improve future product development performance.

COVESTIC ADVANTAGE
Founded on the principle that seasoned experts representing a combination of consulting and practical application experience are a critical component of technology-based initiatives, Covestic employs more than eighty industry-recognized consultants who have fostered the growth of information technology and related disciplines. Covestic team members are drawn from a variety of well-respected professional services firms and technology-oriented industry players to compose integrated, cross-disciplined teams. With expert professionals in all aspects of I.T. security consulting and business risk management, Covestic teams have successfully designed and implemented security solutions for local, state, and federal government agencies, and for Fortune 500 firms.