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Product Development ManagementLaajuus (10 cr)

Code: TE00CP48

Credits

10 op

Objective

Student can:
- Recognize how product development and R&D processes and activities are related to company´s business
- Explain product development processes´ phases and content
- Utilize different tools to enhance and facilitate creativity and development
- Lead and manage basic R&D projects
- Understand the context of service business and productizations
- Define productizations´ needs in different cases
- Develop services to cover different needs in products´ life cycle
- Estimate financial needs of a product and productization processes
- Can present financing alternatives depending on the different financing needs
- Perform a product, project and investment profitability evaluation

Content

R&D in business context and as strategic asset
Product development processes and tools
IPR, quality and standards in product development
Service business processes and industrial context
Productizations processes
Corporate finance
Investment calculation methods
Profitability of the investment
Sources of finance

Enrollment

14.12.2024 - 12.01.2025

Timing

13.01.2025 - 01.05.2025

Number of ECTS credits allocated

10 op

Mode of delivery

Contact teaching

Unit

Engineering and Business

Campus

Kupittaa Campus

Teaching languages
  • English
Degree programmes
  • Degree Programme in Industrial Management Engineering
Teachers
  • Sami Nummela
  • Veli-Matti Suominen
  • Monica Tamminen
Groups
  • ExcLIPAT24
    ExcLIPAT24
  • PTUTAS23Tuot
    PTUTAS23Tuot
  • LIPATMODProductDevelopmentManagement

Objective

Student can:
- Recognize how product development and R&D processes and activities are related to company´s business
- Explain product development processes´ phases and content
- Utilize different tools to enhance and facilitate creativity and development
- Lead and manage basic R&D projects
- Understand the context of service business and productizations
- Define productizations´ needs in different cases
- Develop services to cover different needs in products´ life cycle
- Estimate financial needs of a product and productization processes
- Can present financing alternatives depending on the different financing needs
- Perform a product, project and investment profitability evaluation

Content

R&D in business context and as strategic asset
Product development processes and tools
IPR, quality and standards in product development
Service business processes and industrial context
Productizations processes
Corporate finance
Investment calculation methods
Profitability of the investment
Sources of finance

Evaluation scale

H-5