Introduction to Product Life Cycle (TM231)

SynopsisThis course provides a structured methodology to develop a new product or enhancing an existing product to meet your market needs. The generic methodology is suitable to be applied to introduce a broad range of new products to match customers' expectation in a selected market segment. 

It takes the students through a life cycle that manages risks, timeline and project cost in a systematic manner. The life cycle is designed to be scalable to meet the needs of both small project and large complex project. 

Tools like templates and checklists will be provided so that the participants can adopt and adapt these resources, and practice the life cycle immediately after the class.

The course instructor will draw on his extensive experience in engineering and R&D projects to illustrate the subject matter with practical examples.

What You Will Learn

• Overview of project life cycle and checkpoints
• Process and tools for requirement analysis
• Product definition
• Project planning
• Risk management
• Project tracking
• Product qualification and acceptance

Who Should Attend

• Managers and lead engineers who are new to R&D project management 
• Marketing engineers who work with product R&D team
• Other functional groups who work with R&D team in product introduction

PrerequisiteSome exposure and experience in working with products that involve technical specifications.

Course MethodologyThis course is conducted in a seminar room. Each participant will receive a set of course materials.

Course Duration2 days, 9am to 5pm

Course StructureDay 1
Introduction
Project life cycle overview
Opportunity analysis
Understand customer requirements
Project kick-off activities
Requirements capturing
 
Lunch break
 
Requirements validation
Other requirements
Product value proposition
Product definition
Requirements tracking and change management 
 
Day 2
Project planning

• Tasks
• Schedule
• Resources
• Budget

Project quality plan
Risk management plan
Project approval activities
 
Lunch break
 
Project tracking
Design review
Risk management
Product qualification
Production preparation
Project completion activities
Post shipment activities
Summary and closure