Explain derivative projects
What will be an ideal response?
Derivative projects are initiatives that realize small advances in the firm's current offerings or production processes, such as making cost reductions in existing products, providing product line extensions by adding or subtracting secondary features, and devising incremental improvements for an existing production process. Derivative projects have shorter durations and require relatively little management involvement or other realization resources. However, they can produce profitable products and enhance the firm's capabilities.
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