Plan should include the
- purpose of the product
- value of the product
- industry sector that the product would be classified in
- supplies required to make the product
- process and/or equipment required to make product
- cost to make the product
- time to make the product.
The product plan should also include
- a mission (i.e., What is the problem you are going to solve? Why?)
- a product description (including structure and function, user perspective)
- a market study (including customer profile, competitors, trends)
- operations design and planning
- sustainability considerations.
Plan also should include consideration of additional requirements and constraints as determined by the instructor.
Process/Skill Questions:
- Why is product planning necessary?
- What is the marginal cost of your product?
- What do people like and dislike about your product?
- How does your new product fill a niche?
- What activities are performed during the business enterprise design?