Principles of Product Development

Day 1 - Introduction of New Product Development and Creation Introduction Sources of Ideas for New Products Capturing Ideas Evaluating Ideas Making the Decision to Investigate a New Product Idea Day 2 - Organizing Product Development Effectively Empowering Teams Cross-Functional Teams - the Key to Effective Early Involvement Best Practices for Product Development Teams or Integrated Product Teams Integrating Suppliers - Early Supplier Involvement Day 3 Planning Managing and Product Development Best Practices for Project Management Developing the Project Plan Identifying and Managing Project Risks Critical Chain Project Management Establishing a Repeatable vs. Ad-Hoc Development Process Key Activities by Project Phase Performance Measurement & Metrics Day 4 Product Design Target Costing and Design to Cost Establishing a Market-Driven Target Price Deriving a Target Cost and Tracking Target Cost Achievement Using Product Cost Models to Guide Development Decisions Value Analysis/Function Analysis Addressing Reliability Maintainability Testability and Other Factors Day 5 - Managing the Product Lifecycle and Implementation Support Products During Their Life Monitor and Extend Product Life Determining When a Product Should Be Phased-Out Developing an Overall Improvement Plan Metrics for Measuring Performance Discussion - Participant Questions and Issues