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This article presents the savings in time and costs achieved by a transition from sequential to simultaneous product realization. Such a transition is not possible without prior well-organized teamwork or virtual teamwork. The article demonstrates the team structure in simultaneous product realization. A two-level team structure is suitable for small companies, with a core team on the first level and several project teams in simultaneous product realization loops on the second level. In order to ensure successful work of the core team and several project teams, appropriate communication tools are suggested and a communication matrix has been developed, defining information exchange during the execution of activities in simultaneous product realization. The communication matrix is used for identifying information system connections. The results of organizing teamwork and virtual teamwork are shown on a case study of simultaneous realization of a pedal assembly.

In today’s highly dynamic and unpredictable project environment, companies need to be able to manage changes quickly and effectively, otherwise, the final product will not be current and will only go to waste. Traditional project management approaches that focus on planning are no longer efficient and companies are forced to adopt new ways of working. As a result, more flexible agile project management (APM) approaches have emerged over the last decades. Originally developed for the software industry, APM is now increasingly recognized and adopted also by other industry sectors. However, due to some discipline-specific differences, the adoption of APM by non-software companies is challenging and requires many adjustments and high financial input. While the larger organizations have sufficient resources to make such a transition, small and medium-sized enterprises (SMEs) generally cannot afford to do so, and therefore need alternative strategies to increase their agility and stay competitive on the global market. In this paper, we present a case study of a Slovenian medium-sized manufacturing company that implemented only certain APM practices separately and not as part of a structured APM methodology, and still managed to achieve significant benefits: improved communication, faster detection of discrepancies, more effective problem-solving and greater flexibility. The results also suggest that APM practices, even when implemented separately, positively impact project success in terms of both efficiency and stakeholder satisfaction, and can thus help in establishing an economically, socially, and environmentally more sustainable workplace.

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When entering the global market, companies encounter several difficulties, the most severe being long product development times and too high costs of sequential product and process development. In order to overcome this problem, the companies will have to make a shift from sequential product development (which is wasteful regarding time and costs) to a project-driven concurrent product development as soon as possible. The article presents a procedure for project-driven concurrent product development by taking into account three strategic management methods: parallelness, standardization, and integration of product development processes. Also presented are the changes in organizational concept of the company, organization of processes, organization of work and organization of IT, which are required for a transition from sequential to concurrent product development. Finally, an analysis is presented on concurrent product development teams in a company; this analysis is a prerequisite for a transition to a new method of product development.