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Part
2, Chapter 3
The product development process 3.2.3 Conclusions to product design and process development It is important that there is a clear end to this stage, and also the knowledge available to make the decision to go on or stop the project before the more expensive next two stages. This may not be the time to commercialise or the time to launch, so the project has to be shelved; or it has to be admitted that the product did not fulfil the expectations and the project must stop. Five important outcomes are:
clearly defined final product prototype with consumer acceptance; product specifications including processing method, physical distribution; market strategy including distribution, promotion, pricing; prediction of investment needed and financial outcomes; probability of achieving project completion and financial outcomes.
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3.3 Product commercialisation Back to the top |
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