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Product Realization: Write a 2000 word that summarizes and encapsulates K5101's (see Instruction below) key take-away conc - Term Paper Example

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Product Realization: Write a 2000 word that summarizes and encapsulates K5101's (see Instruction below) key take-away conc

In the article Twenty Key Elements of a Product Realization Process, much was said about designing for performance, reliability, performance and cost; value and concurrent engineering. More than two thirds of the whole process is reliant on the technical designing and development. This is where the success of the product and the whole marketing project relies on. Product development entails in itself an end-to-end process of system requirement evaluation, business analysis, design and user testing. Among the twenty key elements include systems perspective and design for assembly. In the course of design, it is also important to consider ease of production, such that knowledge transfer would be effortless and seamless. The success in design does not only pertain to the product’s usability, but also to the benefits it will entail the developers and manufacturers themselves. There are time and function-considerations from the manufacturer’s point of view. A striking balance between timeliness and functionality must be met for the team to say that they have reached their objectives. Designing for cost means creating products that are cost efficient, which in turn, will benefit the users as these may be passed on with relatively lower cost than those of the competition, but with a much higher functional value. There are seven stages of Product Development as enumerated in Venture Navigator (Venture Navigator 2012): the idea generation; idea screening; concept development and testing; business analysis, beta testing and market testing; technical implementation and commercialization. All seven stages are crucial to ensuring that the end product is of high value and will be a market success. Idea generation involves market research – identifying market needs and what products and functionalities which they perceive to have the capacity to meet those needs. This stage aims to find evidence and proof of need for the product to be designed. Market research also involves collating which related regulations should be considered and what the competitors have done to address issues from all angles. Idea screening is also equivalent to system scoping. Findings are verified and analyzed if they be translated to significant and relevant product features. Analyzing opportunities and translating them into technical specifications fall into this stage. As in the case of the HIPAA Compliant Electronic Medical Record Capture/ Management, it was found out that there is a need to create a product to support would care in hospitals all over the United States. From this premise, the proponents have come to a design to address the need. Concept development and testing is that stage whereby ideas and concepts are crafted into a tangible product which users and testers can navigate. Functionalities are texted and links to the three main portals are established. In this case, smart phone devices shall be tested on the basis of their capacity to interface with the database and gateway. End to end testing, from the data capturing up to data storage and access/ download should be tested. This is where system design and engineering, software programming and data hard coding comes in. Business analysis is that part that marries the technical functions and specifications with certain processes. Proponents have to ask at this point ‘will this work in an actual organizational setting?’ ...Show more

Summary

Design & Technology Author October 23, 2012 The development of technology-based products requires a much more complex process that integrates both technical and management sides of a business. It is often three-fold: the product development per se, adherence to particular regulations and ISO requirements, and introducing it to the market to ensure its market success…
Author : nbosco
Product Realization: Write a 2000 word paper that summarizes and encapsulates K5101s (see Instruction below) key take-away conc essay example
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