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Principles of Product Development

Classroom based course with study materials, lecturer support and CPD Hours included

London Training For Excellence

Summary

Price
£4,560 inc VAT
Study method
Online
Duration
5 days · Self-paced
Qualification
No formal qualification
Additional info
  • Tutor is available to students
2 students enquired about this course

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Overview

This course is designed to assess the underpinning knowledge of delegates for understanding the principles of product development. Developing and launching successful new products is a key marketing value driver. Successful innovation ensures that your products stay competitive and that growth opportunities are not missed. However extensive research indicates that failure rates in this area high. Objectives Develop your complete skill-set to confidently manage new product and innovation projects. Reduce your product development cycle and quickly gain profitable entry new markets. Create winning product concepts using advanced idea generation and screening tools.

Description

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

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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