Study Guide

Objective

Upon completion of the course, students will understand the phases involved in the process of developing a new product, the principles of organizing product development activities, the principles of identifying customer needs and the principles of managing projects. They will be competent in making product development a part of the business strategy and in assessing the quality of product development. They know the basics of industrial internet from the product development point of view.

Content

- Phased, parallel product processing
- Organizational models for product development
- Identifying customer needs
- Managing costs for a product development project
- DFMA
- Product development as part of business strategy
- Industrial internet in the management product development operations
- Measuring the results of product development
- Company case study

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

Student recognizes phased processing of developing a new product and can work in product developing organization accordingly. Student knows various principles of organizing product development and various bases to apply in different environment. Student can name various methods of identifying customer needs and principles of managing project portfolio. Student recognizes connection of product development to business strategy and basics of industrial internet and can name typical assessment criteria of the quality of product development.

Assessment criteria, good (3)

In addition to the previous; Student knows and can explain the idea of phased processing of developing a new product. Student can compare various ways of organizing product development. Student can choose most suitable methods to recognize various customer needs. Student can prioritize projects by principles of managing project portfolio. Student can analyze meaning of product development to business. Student recognize the potential of industrial internet to enhance product development. Student can apply quality assessment criteria in product development process.

Assessment criteria, excellent (5)

In addition to the previous; The student knows thoroughly the phased process of developing new product. Student can use in various ways many methods to recognize customer needs. Student can connect product development to company´s business strategy and can work in product development to support company´s strategic goals. Student can utilize industrial internet in product development activities and product development. Student can creatively utilize quality assessment methods to manage product development

Qualifications

No prerequisites.