The product development process is divided in many stages:- A. Introduction Stage: The enclosed forms and instructions will serve as a guide to obtain approval to pursue new product ideas, product enhancements, or modifications. The process has three approval stages: Concept Development (new products or modifications) Product Development Transition to program launch development B. Concept development Stage The Concept Development stage is intended to include a high-level overview of a new product idea or modification, determine its potential benefits and the feasibility of further development. Concept Development and approval are the first steps towards moving a product to development. An idea for a new product or a product modification is researched at a very high level so a determination can be made if the project is feasible. ICFAI Business School- Hyderabad SIP- Ford Business Service Center | Interim Report 8 C. Product development Stage The approved Concept Development document is further defined in the Product Development stage. A fully developed business case can now be reviewed. The Product Manager has gained Concept Approval and can now commence the completion of the PD process. Final approval of the Product Proposal is made by those with approval authority for the cost level involved. D. Launch Stage The launch stage is a very important stage for any company. Setting up the right time at the right place is very important. So this is also an important phase in the product development. In the product development stage there are various steps: 1. After the concept development takes place, it goes to the Chief Plate Engineer for the design approval. Here at the stage the engineer community gives its recommendations and... ... middle of paper ... ...mary is the detailed document which contains all the information about the Concern such as the engineer, the chunk, the region and the cost variation. 3. In FS, we need to capture various information such as, all the other vehicles affected, all the parts affected. 4. We need to carefully capture the cost changes being introduced by the change in design. C. Phase 3 1. Now all the FS’s are taken to the Cost Approval meeting. This meeting is approval for various design and cost changes. 2. After the approval in the Cost Approval meeting, the Concern is processed further for the investment related approvals. 3. The Concern is then taken for the Quality approval (If any). The Concern after the approval is updated in the WERS system. 4. If the Concern has any of the High cost approval, the Concern is then sent for the High cost approval as per the Approval Authority Level
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There are five categories of new products: new inventions, new category entries, additions to product lines, product improvements, and repositioning target products to new markets for new uses. The process is the same regardless of the category. It includes idea generation, idea screening, concept development and testing, analyzing the business, prototype development, test marketing, and commercialization.
The different stages of the project lifecycle are clearly spelt out in the WBS, allowing management to precisely identify which components are causing cost or schedule overruns and to more effectively mitigate the root cause of the overruns; USDOE (2012, p. 5) and provide specific insights into the relationship among scope, schedule, budget, and performance (p. 7).
Analyze the impact of the factors: If the factor will change, which of the following would be affected other design decisions. Identifying issues: An issue may arise from factors in many ways: limitations , constraints reducing the impact of changeability ,difficult-to-satisfy product factors common solution to global requirements Develop solutions and specific strategies: Discuss a general solution to the issue, followed by a list of associated strategies. Strategies should address the issue and one or more of the following goals: reduce or localize the factors' influence reduce the impact of the factors' changeability localize required areas of expertise reduce overall time and effort Identify related strategies: When a strategy belongs to more than one issue, describe it in one place and reference it as a related strategy in the other issues where it applies. Factor Flexibility/ Impact Changeability O4.2 Schedule Feature Delivery Features are Negotiable Moderate impact prioritized on the schedule T2.1 Domain-specific Hardware Probe Hardware Large impact on Upgraded every Hardware to image acquisition three years as detect and and processing technology process signals components improves P1.1 Features Acquisition Types Affects UI, New types of Acquire raw acquisition acquisitions may signal data and performance, and be added every convert
However, this vision generates an overlapping problem between the marketing department and the product development department. The marketing department, among other duties, is responsible for the identification of new opportunities and also to assure the development of new products. Unless these activities are extremely well coordinated with the product development department, there will be misalignment in the strategy of the EPD. Ultimately, this misalignment will affect a third department, i.e. the manufacturing department, since it is directly involved in the product development process.
The next step is the growth stage. In this stage product growth is monitored and big investments are made. Maturity stage the growth of the outputs is significant. For the company to ensure product survival in the market and gain a competitive advantage over competitors it has to incorporate product differentiation. The final stage involves product decline stage. In this juncture product sale goes down and the product identification
Tendering is a process commonly used in awarding contracts. The basic components in the process are performed in sequential order as shown in Figure 2.2. The components are: pre-qualification and registration, public invitation to tender, tender preparation and submission, close or open of tender, tender evaluation, award of tender, and archivin...
The various action steps involves brainstorming to come up with business models, increasing productivity by increasing the number of employees, and increasing product varieties to handle the increased growth. The actions steps related to and build to one another