Phase 0: Feasibility Analysis
The objective of this phase is to identify present technology to accomplish the intended high-level purpose. If technology can be bought as opposed to developed, the range of subsequent development phases changes.
To put it simply, product development companies research and evaluate the probability that the present technology can be utilized to reach the intended functionality of the product. Using this method, the development efforts are reduced, which in financial terms represent a terrific reduction in development costs.
Moreover, if the technology isn’t yet available, then the evaluation may result in longer development cycles as well as the focus moves into producing the new technology (if humanly possible) that may accomplish the functionality of the item.
This is a significant part of the in any product development process because it is safer and financially responsible to understand the constraints that a product can have before starting a complete development cycle. A feasibility study can cost between 7 -15 million bucks. It may be sound quite expensive for some, but if it is significantly better than investing $100k+ to end up with a product that no manufacturer can produce.
Phase 1: Specification or PRD (Product Requirements Document) development
If your product is achievable, congratulations! You are a step closer to creating your product and you’ll be able to move into documenting what will enter the product itself, aka the guts (product objective, core components, intended end-user, aesthetics, User interphase, etc).
In this stage, product design and technology focus on documenting the critical functionality, constraints, and inputs into the design. This is a important step to keep development concentrated, identify the high-risk locations, and ensure that scope creep is diminished later.
This document will help you communicate the important features of your product and the way they’re supposed to work to all members of your group. This will ensure that you keep everyone involved on the same page.
Without one, you’re more likely to stay off track and miss deadlines. Think about the PRD as your project management breakdown structure (BDS)
Stage 2: Concept Development
First shape development work identifies options for form, as well as possible approaches for complex mechanical technology challenges. Initial flowchart of software/firmware also occurs here, as well as concept design level user interface work. Aesthetic prototypes may be included in this Phase, if appropriate. Prototype in this phase will not typically be functional.
According to decisions made at the conclusion a concept development stage, real product design and engineering programming can begin. In this phase, Level 1 prototypes are frequently utilised to examine approaches to technical challenges.
Phase 4: Design Iteration
This part of the job is where we concentrate on rapid cycles, quickly developing designs and prototypes, as the thickness of engineering work increases. This phase can include Level 2 and 3 prototypes, typically through multiple cycles. Some products need as many as twenty prototype cycles in this phase. Others may only require two or three.
Phase 5: Design Finalization / Optimization
To correctly optimize for production, product design and engineering teams take into account the target production volumes, as well as the demands of the manufacturer. Regulatory work may start in this phase.
Before production starts, tooling is produced, and initial units are inspected. Final changes are negotiated with the manufacturer. Regulatory work also should wrap up in this stage.