In the course of Product Development, the Technical questioning and the Mission statement are the two basic methods of weighing the two risks of the new product development. Those risks are Technical risk – can we make it? Market risk – will they buy it? The two simple tools to understand and clarify these risks […]
What are Product Development Planning Tools?
For any product development, Product Development planning is a necessary task for any kind of product. To perform this task, we have a different variety of tools. Such as Gantt Charts, PERT, CPM. Product development Planning Product Development planning Basic Constituents are What: Tasks When: Schedule Where: Equipment and facilities How: People, material, facility, and […]
Organizational structures in Product Development
Successful firms must organize their product development staff to implement the process in an effective manner. In this article, we will discuss the different organizational Structures used for product development and offer guidelines for choosing among these options. Organizational structures In general, Organizations Are Formed by Establishing Links among Individuals. A product development organization is […]
What is the Engineering Design Process?
In the course of Product Design and Development, The Engineering Design Process is the sequential design process that may involve multi-disciplines such as mechanical engineering, electrical engineering, architectural engineering, industrial engineering, material science, aerodynamics, fluid dynamics, and so on. Engineering Design Process As we have already mentioned that the Engineering Design Process is the sequential […]
What is the Myers-Briggs Type Indicator? | MBTI
Myers-Briggs Type Indicator, also known as MBTI is a simple measurement indicator of how people behave and contribute in work environment. It is a sort of a questionnaire kind of thing, that differs the psychological preferences of the people, how they perceive the world and make decisions. Myers-Briggs Type Indicator Originally, Isabel Myers and Katherine […]
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