Two examples of new product development tools include stage-gate processes and the critical path method, both of which have advantages and disadvantages. In the context of introducing a new product to the market, the stage-gate method offers many direct benefits to the product manager. Stage-gate processes offer organizations numerous opportunities to eliminate projects that no longer appear to be viable products, saving time and money (Cooper, 2014). Additionally, the stage-gate process provides incentives for senior management to stay abreast of the new product development cycle. For these reasons, it is suggested that product managers strive to implement stage-gate processes in new product development