Phase 0: Feasibility Analysis
The goal of this phase is to identify present technology to achieve the intended high-level purpose. If technology can be purchased instead of developed, the scope of subsequent development phases changes.
Simply put, product development companies research and assess the probability that the present technology can be used to reach the intended functionality of the product. Using this method, the development efforts are reduced, which in financial terms represent a terrific decrease in development costs.
Moreover, if the technology is not yet available, then the assessment can lead to longer development cycles and the focus moves into producing the new technology (if humanly possible) that can accomplish the functionality of the item.
This is a significant part of the in any product development process because it is safer and fiscally responsible to understand the constraints that a product can have before starting a full development cycle. A feasibility study can cost between 7 -15 million bucks. It may be sound quite expensive for some, but when it is significantly better than investing $100k+ to end up with a product that no manufacturer is able to produce.
Stage 1: Specification or PRD (Product Requirements Document) development
If your merchandise is achievable, congratulations! You are a step closer to creating your product and you’ll be able to move into documenting what will go into the product itself, aka the guts (product objective, core elements, intended end-user, aesthetics, User interphase, etc).
In this stage, product design and technology focus on documenting the critical functionality, constraints, and inputs to the design. This is a critical step to keep development concentrated, identify the high-risk areas, and ensure that scope creep is minimized later.
This document can allow you to communicate the key features of your product and the way they’re supposed to work to all members of your team. This will ensure that you keep everyone involved on the same page.
Without one, you are more likely to stay off course and miss deadlines.
Stage 2: Concept Development
Initial shape development work identifies options for form, in addition to possible strategies for complex mechanical technology challenges. Initial flowchart of software/firmware also occurs here, in addition to concept design level user interface function. Aesthetic prototypes may be contained in this Phase, if appropriate. Prototype in this phase won’t typically be functional.
According to decisions made at the conclusion a concept development stage, real product design and technology programming can begin. In this phase, Level 1 prototypes are frequently utilised to examine approaches to technical challenges.
Stage 4: Design Iteration
This part of the job is where we concentrate on rapid cycles, quickly developing designs and prototypes, as the depth of technology work increases. This stage can include Level 2 and 3 prototypes, typically through multiple cycles. Some products need as many as twenty prototype cycles within this phase. Others may only need two or three.
Phase 5: Design Finalization / Layout
To correctly optimize for production, product design and engineering groups consider the target production volumes, as well as the requirements of the manufacturer. Regulatory work may start in this phase.
Before production begins, tooling is produced, and initial units are inspected. Final changes are negotiated with the manufacturer. Regulatory work also should wrap up in this stage.