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