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.

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  1. Product name
  2. Product description
  3. Product description

Definition

  1. Initial steps
    • Conduct a demand analysis
    • Examine market opportunities
  2. Product specifications
  3. Product objectives
  4. Estimated budget

Development

  • 1. Assigned team
  • 2. Product outline
  • 3. Is the prototype ready?
    • Yes
    • No

Detailing

  1. Test procedures
  2. Are there any necessary adjustments after testing?
    • Yes (detail below)
    • No
  3. Adjustments needed

Adjustments needed

  1. Does the product follow the specifications?
    • Yes
    • No
  2. Lessons learned

Product in use

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