Project information

 
0%
638h
0h
13/03/2019 Due date

Tags

Project team

 
Show more members

Noticeboard

 

How to do Product Development Projects Easy?

  1. Read little bit of theory :-)
  2. Choose proper model as listed below
  3. Initiate new project using template of the model
  4. Follow-up template Instructions

Product Development 

In business and engineering, new product development (NPD) is the complete process of bringing a new product to market. New product development is described in the literature as the transformation of a market opportunity into a product available for sale and it can be tangible (that is, something physical you can touch) or intangible (like a service, experience, or belief). A good understanding of customer needs and wants, the competitive environment and the nature of the market represent the top required factors for the success of a new product. Cost, time and quality are the main variables that drive the customer needs. Aimed at these three variables, companies develop continuous practices and strategies to better satisfy the customer requirements and increase their market share by a regular development of new products. There are many uncertainties and challenges throughout the process which companies must face. The use of best practices and the elimination of barriers to communication are the main concerns for the management of NPD process.

Product Development Models

 

  Name Description Indicator Status  

New product development is the complete process of bringing a new product to market.

active

The Waterfall Model was first Process Model to be introduced. It is also referred to as a linear-sequential life cycle model. It is very simple to understand and use. In a waterfall model, each phase must be completed before the next phase can begin and there is no overlapping in the phases.

Waterfall model is the earliest SDLC approach that was used for software development .

The waterfall Model illustrates the software development process in a linear sequential flow; hence it is also referred to as a linear-sequential life cycle model. This means that any phase in the development process begins only if the previous phase is complete. In waterfall model, phases do not overlap.

active
Add picture from clipboard