The Universal Television show is a half-hour family comedy which follows a reluctant crown prince as he attempts to run the family business his way, thereby throwing his highly publicised and dysfunctional family into chaos, said The Hollywood Reporter.
NBC has ordered a pilot production commitment at the network for the show which will be executive produced by Dave Becky, Brooke Posch along with Grandy and Poehler.
The duo previously collaborated on NBC's "Saturday Night Live", where Grandy was a writer and produced Weekend Update with the 44-year-old "Parks and Recreation" star among its anchors.
Grandy's credits include "The Office" and "The Daily Show".