It is the process of building a new product, from ideation all the way through launch

• PRODUCT

• DEVELOPMENT

• PRODUCT DEVELOPMENT

The Product Development has _ stages

It is sometimes called "scoping," or concept development, this step involves refining the definition of the product concept and ensuring that the team really understands customer requirements.

• Product Development

• Product Definition

• Idea generation

In this phase, the focus is on product design but also refinement of the prototype of the product. In most cases teams alpha-test the prototype, working with customers in an iterative fashion: getting their feedback and incorporating it into the prototype.

• Idea generation

• Detailed Design

• Product Definition

The initial stage of the product development process begins by generating new product ideas.

• Idea Generation

• Prototyping

• Detailed Design

This phase in the product development process, the team justifies the company's investment in the development of a product by requiring the team to create a detailed business plan.

• Idea Generation

• Prototyping

• Validation and Testing

They ensure that the prototype works as planned. It also means validating the product in the eyes of the customers and markets, while testing the viability of the financial model for the product.

• Detailed Design

• Validation and Testing

• Commercialization

A way to describe all the stages a product goes through.

• Commercialization

• Product Development Life Cycle

• Validation and Testing

During this step of the product development process the team realizes everything required to bring the final product to market, including marketing and sales plans for the market introduction.

• Waterfall approach

• Product Development Life Cycle

• Commercialization

The team perceives that it will not achieve one or more of its boundary conditions

• Agile product development

• Waterfall approach

• Boundary peak