Optimizing Project Management Methodologies to Enhance Efficiency and Success in New Product Development

The thesis titled "Optimizing Project Management Methodologies for Enhancing Efficiency and Success in New Product Development" focuses on advancing project management techniques within the automotive industry. The research primarily explores the integration of standardized management processes to streamline the production of a new component for German Truck & Bus company, highlighting the Flywheel Housing project at 2a S.p.A, an OEM for the automotive and truck industries. The study addresses significant challenges faced by the industry, such as increasing complexity and the need for timely delivery of innovative products. The thesis proposes a comprehensive project management framework that utilizes both traditional and innovative tools and strategies to enhance new product development execution from initiation through completion. Key elements such as project lifecycle management, stakeholder engagement, and risk management are meticulously examined to establish a robust methodology that ensures project success and timely delivery. Additionally, the research delves into quality assurance processes, emphasizing their critical role in meeting both internal and external standards and expectations. And finally, the research also proposed a procedure for robust control and monitoring of the project. Through detailed analysis and evaluation of the Flywheel Housing project as a case study or implementation of new project management methodology, the thesis aims to demonstrate how tailored project management approaches can significantly improve operational efficiencies, mitigate risks, and ensure the timely delivery for the new product devlopment.