Abstract
The growing complexity of information systems and temporal limitations to their development period have contributed to reduce the probability of success with the final product. The dynamic of these systems is marked by rapid change and constant alterations. A result of that is the fact that it is not always possible to apply correct development methodologies. This contributes to increase risk factors associated with systems development. Results of research into New Product Development have nonetheless established a connection between reduction in development cycle time and success with the final product. This paper addresses information systems development from the viewpoint of new product development theory. Factors such as clarity of project objectives or adequate requirement specification contribute to reduce both new product development cycle time and information system development risks.