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we often take it for granted when new products appear in advertising or on the shelves of our local store but they must come from somewhere were they made by elves who knows however whoever made these news products they must have followed a process and that process is called new product development or npd and in this video im going to answer the question what exactly is new product development before i tell you what new product development is i do need to address a simple question why do we need to know about new product development mike were project managers well the answer is simple of course because as project managers you will sometimes be called upon to manage a new product development project its one of the main areas of project management in certain types of organization and therefore if you want a rounded project management education you need to know just a little bit about it and of course im not an expert in npd ive not worked in the area myself so im just going to giv