London Training For Excellence Principles of Product Development London Training For Excellence
Price: EUR 4,543
Instructor led live virtual classroom online. Classes may be individual or in group.

    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

    Updated on 05 August, 2024

    Job roles this course is suitable for:

    Managers , executives

    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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