New Product Development


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


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


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


  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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