New Product development
Template
Product Development Template was designed to help keep track of your company’s new products ideas. Manage the process from the incubation of the idea to product launching!
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Template structure
See how this template is structured. As this is just an example, you can customize it.
Start form
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1. Product name
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2. Product description
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3. Product description
Definition
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1. Initial steps
- Conduct a demand analysis
- Examine market opportunities
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2. Product specifications
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3. Product objectives
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4. Estimated budget
Development
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1. Assigned team
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2. Product outline
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3. Is the prototype ready?
- Yes
- No
Detailing
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1. Test procedures
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2. Are there any necessary adjustments after testing?
- Yes (detail below)
- No
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3. Adjustments needed
Adjustments needed
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1. Does the product follow the specifications?
- Yes
- No
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2. Lessons learned