Study Guide

Objective

After a completed study unit the student:
- has a good command of the product development process as part of the operations of a business and understands the significance of product development as a prerequisite for the existence of a profitable business
- can devise a project plan for a successful product development process.

Content

the role of product development in business operations
- product development process
- product development feasibility study
- product definition
- management of a product development project
- significance of industrial design
- creativity and methods of product development
- teamwork skills
- immaterial rights
- product profitability calculation, investment and financial planning
- risk management in product development
- significance of standardisation and modulation
- quality in product development activities
- environmental requirements.

Evaluation scale

H-5