Question: Problems have been building at Columbus Instruments, Inc. ( CIC ) ( not its real name ) for several years now with the new product

Problems have been building at Columbus Instruments, Inc. (CIC)(not its real name) for several years now with the new product development process. The last six high-visibility projects were either scrapped outright after excessive cost and schedule overruns or, once released to the marketplace, were commercial disasters. The company estimates that in the past two years, it has squandered more than $15 million on poorly developed or failed projects.

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