Product Life Cycle
Step 1: Define Product Planning Product planning involves setting the direction for a product by identifying market needs, defining product features, and establishing a roadmap for its lifecycle.
Step 2: Identify Market Needs This step involves market research to understand customer needs, preferences, and trends. It helps in determining what features and benefits the product should offer.
Step 3: Define Product Features Based on market needs, outline the key features and specifications of the product. This includes technical specifications, design elements, and user interface considerations.
Step 4: Establish Product Roadmap Create a timeline for product development, including milestones for design, prototyping, testing, and launch. This roadmap guides the development process and helps manage expectations.
Step 5: Define Product Development Product development is the process of designing, creating, and bringing a product to market. It involves multiple stages from concept to commercialization.
Step 6: Concept Development Develop initial ideas and concepts for the product. This includes brainstorming sessions, feasibility studies, and initial design sketches.
Step 7: Prototyping Create prototypes to test and refine the product design. This involves iterative cycles of building, testing, and modifying the product.
Step 8: Testing and Refinement Conduct various tests (e.g., usability, performance, safety) to ensure the product meets quality standards. Refine the product based on test results.
Step 9: Launch and Commercialization Prepare the product for market launch. This includes finalizing production, marketing strategies, and distribution channels.
Product planning involves setting the direction for a product by identifying market needs, defining features, and establishing a roadmap. Product development is the process of designing, creating, and bringing the product to market through stages like concept development, prototyping, testing, and launch.
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25. Why is 'in process' inspection important? a. It ensures product is aesthetic b. It reduces the cost of unit production c.It monitors specifications during production d.It enables correct process to be used for production 26. Which one of the following best describes a quality product? a.It exceeds the expectations of all users b.It outperforms other similar products c.It is suitable for its intended purpose d.It is suitable for a variety of different tasks 27. Which one of the following documents indicates that rework must be carried out? a.An inspection plan b.A quality improvement plan c.An operation plan d.A corrective action plan
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