Are Your Product Development Projects Achieving Their Business Goals?
Learn how to structure and execute product development projects which meet your business objectives!!
Sound Familiar?
You're focused on bringing a much needed product to market, but...
The product misses customer's expectations.
The products costs too much with too many "Nice to Have" features.
No consideration was given to how the product would be marketed.
There is no demand for the product.
Business goals were not considered during the development process.
Market conditions were not considered.
The Next Product Development Project will Be Successful If...
Products are Competitive and are on the "Leading Edge".
Product Costs are Below Objectives
Completes On Time!
Customers Are Standing In Line!
INTRODUCING
A Business Centric Approach To Product Development
Developed for all functions involved in product development including:
Engineers
Project Managers
Sourcing Managers
Operations Managers
Sales Managers
Business Leadership
This course covers all phases of development from concept development through to commercialization and production.
Product Development is an extensive topic and the focus will be to educate you on all the key elements needed to make products successful including:
New Product Development
Cost Reduction Projects (Value Engineering)
New Product Development
Cost Reduction Projects (Value Engineering)
What's Included in the Course?
Consider the Commercial Impact!
Elevate your product development process with this key section of our course which provides a clear introduction to meeting market and financial goals including:
Understand Customer Needs: Understand why validating market needs is a critical first step in product development.
Quantify Financial Success: Understand the importance of business cases in guiding project decisions and gaining stakeholder buy-in.
Start a Commercialization Plan Early: See how a commercialization plan ensures your product is ready for market success.
You’ll develop awareness of why defining customer needs, leveraging business cases, and planning for commercialization are essential for creating successful, market-aligned products.
Requirements Shape the Product!
Elevate your product development approach with this vital section of our course, focused on defining product requirements effectively including:
The Power of Requirements: Learn why requirements are essential for delivering products that meet market and business needs.
Setting Targets: Learn why setting specific targets, established in the business case, supports customer needs and financial success of the product.
Team Involvement: See who should be involved in creating requirements and how to foster collaboration.
You’ll develop an understanding of why requirements are crucial, what elements to include in requirements, and who should create them to drive successful product development.
Reducing Cost on Existing Products
Dive into the art of cost reduction engineering crafted for professionals eager to optimize product value. This section emphasizes aligning cost reduction with requirements to ensure your products deliver maximum value. You will learn to:
Align Cost Savings with Requirements: Learn how to provide value to the customer while meeting cost reduction targets.
Explore General Techniques: Learn to use approaches that apply to all products.
Master Approaches for Complex Assemblies: Tackle larger assemblies with techniques specifically developed for this purpose.
You’ll become aware of the critical need to assess cost reduction proposals, implement efficient approaches for small assemblies and specialized techniques for larger systems, minimize costs across different scales, and optimize complex subsystems, all aligned with customer needs defined in requirements and financial viability as set in the business case.
How to Implement "Design To Cost"!
Shape the future of your new product designs with this essential section aimed to leverage the flexibility of new product architecture to develop very lean products. You will learn:
How "Design To Cost" is Different: Learn why this approach for new products surpasses cost reduction engineering in flexibility and impact.
Enhance Product Value: Gain insight into practical ways to implement cost-conscious design for innovative product development.
You’ll become aware of the distinction between designing for cost and value engineering, the importance of applying cost-focused design to new products, and how to use flexible product architectures to align with customer needs defined in requirements.
Align Your Organization!
Discover organizational accountability and how to conduct reviews for business-driven projects. You will learn:
Accountability: Learn which functions are responsible for all parts of a product development project including stakeholders, project managers, team members and business leadership. Learn about:
Executing Effective Reviews: How to run project reviews that focus on making decisions and include input from all participants.
Focus on Decision-Driven Reviews: Understand how reviews prioritize business objectives over detailed technical analysis.
You’ll have better awareness of the roles and responsibilities of all team members and will become more effective at conducting reviews that meet business objectives.
85% Reduction In Cost
Achieved on a 4x4 Off Road Vehicle Electrical System.
Identified what was Needed.
Eliminated Waste and "Nice-To-Haves".
Used Requirements to re-architect the system which resulted in a more efficient setup.
Resulted in a Cleaner and More Effective User Interface
GET STARTED TODAY!
A BUSINESS CENTRIC APPROACH TO PRODUCT DEVELOPMENT
Basic
$49
One Time
(21) Video Tutorials
(15) Downloadable Files
(6) Inline Quizzes
4 PDH
Certificate of Completion
Advanced
$109
One Time
(21) Video Tutorials
(15) Downloadable Files
(6) Inline Quizzes
4 PDH
Certificate of Completion
(1) Hour of One-on-One Consulting
Team
Consult
Full Team
Educate Your Team
(21) Video Tutorials
(15) Downloadable Files
(6) Inline Quizzes
4 PDH
Certificate of Completion
Track Team Progress
(1) Moderator Seat
FAQ
The course materials were developed in a number of industries and adapted to suit a wide range of products and sub-systems. All companies producing physical products will benefit from these course materials.
All courses offered by productcost.com have a 60-day no-questions-asked money back guarantee. Send us an email at info@productcost.com to initiate the return.
Everyone completing the course will be issued a certificate with the number of professional development hours (4 PDH) noted.
This course was developed for all functions involved in product development including:
Procurement
Engineering
Operations
Business Leadership
Sales
Marketing
The objective of this course is to provide you with practical information that you can immediately put to use to reduce the cost of your products in your organization.
In consultation with fellow team members, you should be able to implement and succeed with the methods presented in this course. These methods have been proven at a number of companies in different situations.
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