Formulating for Success!

Managing Product Development Projects

Course Description

New product development (NPD) is the process of transforming an idea to a commercial product. Managing Product Development Projects is a course that introduces a disciplined new product development approach that delivers what the customer wants while mitigating development risks. This Stage Gate approach offers many benefits to organizations including increased revenue, operational efficiencies, and customer satisfaction. We present the five phases of the Stage Gate process, a core team approach to project team organization, development tools, speed techniques, and technology management fundamentals. These proven concepts are easily transferable to any industry involved in introducing new products to the marketplace.

Course Outcome

After completing Managing Product Development Projects, students will be equipped with a basic understanding of the following:

• How to apply this stage gate approach to your product development programs
• How to improve financial results through efficient product development
• How to organize effective cross functional teams and resources
• How to mitigate development risk
• How to ensure customer satisfaction
• How to develop a product pipeline

Recommended Prerequisites

• No prior experience or coursework required.

Assessment

Students will be assigned 5 assignments, and 1 case study.

Syllabus

Lesson 1- Introduction

• What is new product development?
• What are the issues with conventional approaches?
• What is the Stage Gate process?

Lesson 2- Stage Gates

• Concept
• Product Design
• Prototype Development
• Scale up and Qualification
• Product Release

Lesson 3- Project Organization

• Core team model
• Benefits

Lesson 4- Project Tools

• Voice of the customer (VOC)
• Qualified functional deployment (QFD)
• Financial measures
• Pugh matrix
• Risk analysis
• Others

Lesson 5- Technology Management

• Organization buy-in
• New product pipeline
• Speed

This course is Instructor-led and delivered through our award-winning online Learning Management System. See our FAQ for more details.

Education Credit

This course has 20 contact hours and can be used for 2 Continuing Education Units (CEUs).

Course Registration

Course only: $49

Course + Certificate: $99