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Course details
Overview
This course is designed to assess the underpinning knowledge of delegates for understanding the principles of product development. Developing and launching successful new products is a key marketing value driver. Successful innovation ensures that your products stay competitive and that growth opportunities are not missed. However extensive research indicates that failure rates in this area high. Objectives
Develop your complete skill-set to confidently manage new product and innovation projects.
Reduce your product development cycle and quickly gain profitable entry new markets.
Create winning product concepts using advanced idea generation and screening tools.
Objective
Develop your complete skill-set to confidently manage new product and innovation projects
Reduce your product development cycle and quickly gain profitable entry into new markets
Create winning product concepts using advanced idea generation and screening tools
Who Should Attend
Managers and executives, irrespective of function, who are or expect to become involved in the development of new products and the innovation process within their organization.
Course Outlines
Day 1 - Introduction of New Product Development and Creation
Introduction
Sources of Ideas for New Products
Capturing Ideas
Evaluating Ideas
Making the Decision to Investigate a New Product Idea
Day 2 - Organizing Product Development
Effectively Empowering Teams
Cross-Functional Teams - the Key to Effective Early Involvement
Best Practices for Product Development Teams or Integrated Product Teams
Integrating Suppliers - Early Supplier Involvement
Day 3
Planning Managing and Product Development
Best Practices for Project Management
Developing the Project Plan
Identifying and Managing Project Risks
Critical Chain Project Management
Establishing a Repeatable vs. Ad-Hoc Development Process
Key Activities by Project Phase
Performance Measurement & Metrics
Day 4
Product Design
Target Costing and Design to Cost
Establishing a Market-Driven Target Price
Deriving a Target Cost and Tracking Target Cost Achievement
Using Product Cost Models to Guide Development Decisions
Value Analysis/Function Analysis
Addressing Reliability Maintainability Testability and Other Factors
Day 5 - Managing the Product Lifecycle and Implementation
Support Products During Their Life
Monitor and Extend Product Life
Determining When a Product Should Be Phased-Out
Developing an Overall Improvement Plan
Metrics for Measuring Performance
Discussion - Participant Questions and Issues
About London Training For Excellence
Empowering Professionals for Over a Decade
London Training for Excellence is a leading provider of professional development programmes, established in 2013. For over eleven years, we have been committed to equipping individuals and organisations with the skills and knowledge they need to excel in today's ever-evolving business landscape.
A Breadth of Expertise
We offer a comprehensive range of training solutions across a diverse set of industries, including:
- Artificial Intelligence (AI): Stay ahead of the curve with cutting-edge training on AI applications, machine learning and data analysis.
- Contact Management: Learn best practices for building and nurturing relationships, managing communication workflows and leveraging technology to optimise your outreach efforts.
- Engineering: Enhance your technical expertise and stay current with the latest advancements in various engineering fields.
- Finance and Legal: Gain a deep understanding of financial concepts, legal frameworks and compliance requirements.
- Human Resources: Navigate the complexities of HR practices, from recruitment and onboarding to employee relations and performance management.
- Leadership and Management: Develop your leadership skills, communication techniques and team-building strategies.
- Logistics: Optimise your supply chain operations and ensure efficient delivery of goods and services.
- Marketing and Sales: Develop effective marketing strategies, hone your sales skills and drive business growth.
- Oil and Gas: Gain specialised knowledge and skills relevant to the oil and gas industry.
- Project Management: Master the art of project planning, execution and delivery to ensure successful project outcomes.
Our Approach
At London Training for Excellence, we believe in delivering high-quality, interactive training programmes that cater to diverse learning styles. Our experienced instructors are industry experts who combine theoretical knowledge with practical application.
Flexible Learning Solutions
We understand that busy professionals require flexible learning options. We offer a variety of delivery methods to suit your needs, including:
- In-person training: provides more significant face-to-face interaction. In a classroom setting, attendees can connect in real-time. In-person training also offers more opportunities for group activities and interactive projects.
- Online Courses: Our comprehensive online courses allow you to learn comfortably in your working environment.
- In-Company Training: Tailor training programmes specifically for your organisation's needs and deliver them on-site for maximum impact and employee convenience.
Investing in Your Success
By investing in training and development with London Training for Excellence, you will gain the knowledge and skills necessary to achieve your professional goals and contribute to the success of your organisation.
Contact Us Today
Let London Training for Excellence help you unlock your full potential and drive positive organisational change. Contact us today to discuss your training needs and explore how we can empower your workforce for the future.
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