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Innovation and Risk Management in Product Development: A Docsity.com Guide, Slides of Business Administration

Insights into effective product development strategies, focusing on creating customer specifications, empathetic design, managing and controlling risk, and team integration. It also covers the importance of prototyping and pushing the envelope in terms of capabilities and market trends.

Typology: Slides

2012/2013

Uploaded on 07/29/2013

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Creating Effective Visions
Customer Specification
Voice of the Current Customer
Competitive Benchmarking
Tire-kicking
Voice of Lead Users
Empathetic Design
Market intuition
Scenarios of the future
Reactive
Pro-active
Docsity.com
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Creating Effective Visions

  • Customer Specification
  • Voice of the Current Customer
  • Competitive Benchmarking
  • Tire-kicking
  • Voice of Lead Users
  • Empathetic Design
  • Market intuition
  • Scenarios of the future

Reactive

Pro-active

Technical Assessment

  • Current Capabilities
  • Reverse Engineering
  • Product or process benchmarking

(competitors)

  • Best-in-world benchmarking
  • Experience and Performance curves
  • Technological Breakthroughs

Reactive

Aggressive

Pushing the Envelope (cont.)

  • Use Product Development Teams
  • Placing Manufacturing people in the field

(or bring customers to the factory)

  • Doing R&D on the manufacturing line

Managing and Controlling Risk

  • Technical Risk
  • Market Risk
  • Managerial Risk

Addressing Risk upfront

Time

Risk

Launch project

Exploratory phase Aka “the fuzzy front end” (^) Expensive development

Managing Risk

  • Project management tools
  • Phase gates
  • DFX X=market X=cost X= mfg X=reliability X=environment X= etc.

Role of Project Leader

  • Direct Contact to the Market
  • Multilingual translator
  • Direct Engineering Manager (overall systems responsibility)
  • Walk around listener/problem solver/inspirer
  • Product Vision guardian
  • See around corners- anticipates problems

Ownership and Commitment

  • The individual power to make a difference
  • Personal identification with project success
  • Team shares responsibility
  • Entire company supports projects success
  • Recognition that business unit is dependant

upon projects goals

  • Alignment of Rewards

Prototyping

Time

B A

Project B Systems concept Breadboards Critical components Sub system prototypes Pre mfg prototype Pilot production prototype

limited prototyping

Project Completeness