A defined development process provides structure for the product development effort. Reliable, efficient execution—especially across multiple projects with different development teams—needs a common set of tools, forms, worksheets, checklists, models, templates, etc., to support the deliverables that make up the individual steps of the process.
A toolbox at your fingertips
Often, organizations already have some of the necessary tools available and in use. But others tools need to be tuned up or created and the teams shown how to use them. Concurrent Product Development has a large library of tools and supporting protocols that can be adapted to the specific needs of the client.
Typically, we provide an overview presentation about some of the more useful tools, then follow up with on-site seminars that focus on the specific tools that are of interest to your organization.
Process-supporting tools and methods
Concurrent Product Development has experience working with a wide range of tools for supporting product development processes. We can help you select tools for planning, prototyping, product testing, outsourcing, cost analyses, marketing, and more.
Types of tools
- Multi-year, multi-category product lifecycle planning
- Innovation tracking and strategy tools
- Brainstorming, concept mapping, mind-mapping, and attribute mapping methods
- Rational and consensus-based decision making methods
- 360 activity mapping for identifying latent user needs and new product opportunities
- Non-financial Project Portfolio Analysis for early project selection
- Project selection using multiple criteria (e.g., the Triple Bottom Line of people, planet and profits)
- Concept definition and product briefs
- Prototyping options and sources
- Quality sampling plans, testing protocol and statistical analysis of results
- Product performance evaluation, including lab and field testing, individual (anecdotal) use reporting and large-scale statistical results analyses
- FMEA (Failure Modes Effects Analysis) and risk ranking using CN (criticality numbers) and RPN (risk priority numbers)
- Product life evaluation, field reliability, and determination of MTBF (mean time between failures)
- Min-likely-Max scenario modeling for estimating fuzzy data (e.g., sales forecasts, research costs, development schedules, and valuation of intellectual property)
- Costing models, including costed Bills of Materials and costed Bills of Labor modules, and unit profitability
- Working capital requirements models
- Make-or-buy and location-of-manufacture analyses
- Business case analysis, performance metrics and summary dashboards
- Valuation indicators including Net Present Value (NPV), Economic Value Added (EVA), Internal Rate of Return (IRR), Return on Investment (ROI), Breakeven (BE) in terms of time, money, or units, Gross and Contribution Margin (GM, CM), Gross Margin Return on Inventory (GMROI), etc.
- Product sampling plans, including, design/counter sampling, and sales/rep/key account short-run sample coordination
- Messaging, market release planning, marketing support checklists
- Common Cause Analysis for identifying systemic roadblocks to development
For more information
For a Tools & Deliverables success story, read more.