Product Development
A Technology Readiness Assessment (TRA) is a formal, metrics-based process and accompanying report that assesses the maturity of hardware, software, and material development, manufacturing, and testing processes. Each assessment is conducted utilizing a combination of objective, standards driven, criteria as well in addition to any subjective internal criteria the client may wish to add.
You may want an independent assessment of the progress being made on key product or service investments. You may be seeking eligibility to compete for public opportunities. You might be looking for a snapshot of your weak points and blind spots. Or you might just be too close to a project and need some help seeing ‘the forest from the trees’.
Regardless the reason, our experts are here to provide a comprehensive assessment of where you are, where you’ve been, where you’re headed, and how to get there.
Access New Markets. Many markets require independent assessment of the status of a proposed solution either as a condition of award or continued investment. Obtaining a TRA enables our clients to confidently pursue these often lucrative opportunities.
Access Capital. Very often investors will expect to see an objective or independent assessment of a technology’s readiness as part of any investment proposal. Our TRAs are conducted with this audience in mind and includes key references aimed at facilitating a positive response from prospective investors.
Maintain Visibility of Strategic Progress. A development team or organization can lose sight of the status and next steps for a project from numerous reasons. Protracted development cycles, turnover, budgetary pauses, changes to ownership or equity. All risk loss of focus for key development initiatives. Our TRAs allow an organization to quickly re-establish an accurate understanding of where a given project is relative to technical completion, MVP status, and ROI.
Precise Execution. By having a clear picture of precisely what elements remain in a development plan, teams have a critical component when solving for resource optimization. Our TRAs are granular and able to inform even the most tactically focused project management plans.
While many larger organizations have robust Standards adoption and implementation practices, often the same cannot be said for Start-Ups and small businesses.
