The document provides an overview of iRobot's approach to new product development in their consumer division for home robots. It discusses establishing predictable development cycles of 12-18 months to avoid changes in scope. Product development teams are responsible for costs, schedule, quality and scope. An advanced development group works on products 2 years away, while a sustaining group focuses on cost reductions for current products. The document also outlines approaches for organization, project justification, risk tracking and status updates. The goal is to increase market penetration of home robots through an efficient new product development process.