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Production and ManufacturingPrinciples of Product Development


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  • United KingdomLondon
  • 20 - 24 Feb 2023
  • 20 CPD hours
  • $5,900.00
  • Overview
  • Course Outline
  • Scheduled Dates

Course 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.

Objective:

  •   Develop your complete skill-set to confidently manage new product and innovation projects
  •   Reduce your product development cycle and quickly gain profitable entry into new markets
  •   Create winning product concepts using advanced idea generation and screening tools
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Course Outline

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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Schedule & Fees

2+1Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

Select Month

  • All
  • February
  • March
  • August
  • November

Location

  • All
  • London
  • Cyprus
  • Engineering

5 Days 20 CPD hours

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London

London

$5,900.00

  • Engineering

5 Days 20 CPD hours

Register Now
Cyprus

Cyprus

$5,900.00

  • Engineering

5 Days 20 CPD hours

Register Now
London

London

$5,900.00

  • Engineering

5 Days 20 CPD hours

Register Now
London

London

$5,900.00

  • Engineering

5 Days 20 CPD hours

Register Now
London

London

$5,900.00

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Frequently Asked Questions

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Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

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Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

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Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

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Principles of Product Development

  • United KingdomLondon
  • 20 - 24 Feb 2023
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  • United KingdomLondon
  • 20 - 24 Feb 2023
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