Transform your product development process! Master business-driven engineering and cost strategies.
Get INSTANT access to A Business Centric Approach to Product Development including:
- (21) video-based lessons.
- (15) downloadable presentation pdfs
- (6) downloadable excel worksheets
- (6) Inline Quizzes
- 4 PDH (Professional Development Hours)
- Certificate of Completion
- Immediate and 1 Year Access
This course comes with a no-questions-asked productcost.com 30-day 100% money back guarantee.
Go ahead and go through the course and follow the steps, put in the work and if you are dissatisfied with the value of the content, please send us an email and we will refund you immediately. No questions asked!
What You Will Learn
- How to achieve cost reductions of 15-50+%
- Maximum Cost Reduction utilizing Value Engineering for Existing Products.
- Using Value Engineering on large systems.
- How to integrate business cases into product development.
- How to use requirements to ensure there are no surprises.
- Implementing Design To Cost Methods To Optimize Product Cost from the Get Go.
Course Description
A Business Centric Approach to Product Development provides a robust framework for professionals seeking to align engineering projects with business objectives. Often, products miss customer expectations or financial targets due to limited collaboration between technical teams and other functions. This course bridges that gap, teaching participants how to incorporate business insights at every project stage. Designed for business leaders, engineers, product managers, and operations teams, it requires no prior expertise in cost management or engineering, making it accessible to all involved in product deployment.
Participants will master techniques such as value engineering, design-to-cost, and requirements management to ensure projects are technically sound and commercially viable. Through practical exercises and real-world case studies, learners will apply these concepts to set realistic targets, evaluate trade-offs, and redirect efforts to meet business goals. The course emphasizes cross-functional alignment, empowering participants to create products that balance customer needs with profitability. Professionals looking to enhance their ability to lead or support cost-effective, business-aligned projects will find this course essential for achieving market success.
Course Outline
Section 1 - Introduction
Section 2 – Commercial Considerations
- What is the need?
- Do you have a business case?
- Do you have a commercialization plan?
Section 3 – Requirements Management
- Why use requirements?
- The importance of setting targets?
- What needs to be included in requirements
- Who creates requirements?
Section 4 – Value Engineering
- Evaluating Value Engineering Proposals
- Approach to value engineering
- Reducing cost on a small assembly
Section 5 – Advanced Value Engineering
- Tackling Value Engineering on Larger Systems
- Off-Road 4x4 Vehicle System Example
- Applying Value Engineering to complex sub-system
- Truck electrical system example
Section 6 – Design To Cost
- What is the difference between “Value Engineering” and “Design To Cost”?
- Implementing “Design To Cost”
- Roughneck “Design To Cost” Example
Section 7 – Organizational Considerations