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      <title>Business Case for a New Product: The 3-Page PID Template That Forces ExCo Alignment</title>
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      <pubDate>Wed, 15 Apr 2026 00:00:00 +0000</pubDate>
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      <description>A business case for a new product is not a forecast — it&amp;rsquo;s the alignment artefact that forces every ExCo member to commit, in writing, to their functional contribution to the product&amp;rsquo;s success. This article covers the tight 3-page Project Initiation Document (PID) template that took Trayport to 62% CAGR, why PE-owned companies are better at this than anyone else, and why nothing should be allowed onto the roadmap until the PID is signed.</description>
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