course | Innovative Product Development Processes for Managers
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MGLD-811 | Innovative Product Development Processes for Managers
Course Sector : Management And Leadership
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 2025-09-01 | 2025-09-05 | Online | $2,150 | Book now |
| 5 Days | 2025-05-05 | 2025-05-09 | Abu Dhabi | $4,250 | Book now |
| 5 Days | 2025-12-29 | 2026-01-02 | Dubai | $4,250 | Book now |
Course Introduction
New products and services are created by all size companies for the growth and improvement of their business. New products provide company sustainability by offering new value to its customers which generates additional revenues. Many of the new products are at an incremental improvement stage for past many years, with some new features incorporated in it. The success of product development process typically requires considerable resources that leverage the opportunity for better results in a customer’s business.
This training course is designed to provide participants the essential concepts of the product development process. This course focuses on topics such as strategy and planning, value creation and product feature selection, concept development and ideas screening, value-based product pricing, and product solution definition and design.
Course objective
At the end of the training course, participants will be able to:
- Gain a comprehensive understanding of the complete product development process
- Build products with sustainable competitive advantage
- Develop value and market-based product pricing, product cost models and product forecasts
- Prioritize new product ideas based on business strategic alignment, return on investments and ability to execute.
- Deliver new product developments on time and how to manage a team (or virtual team) of project resources and multiple business units’ stakeholders
- Conduct a detailed project financial analysis.
Course Outline | 01 Day One
- Strategy and planning
- Define your market
- Strategic market assessment
- Development options
- Value creation and product feature selection
- Market segmentation
- Competitor analysis
Course Outline | 02 Day Two
- Concept development and ideas screening
- Feasibility study
- High level project planning
- Business case structure and writing
- Financial analysis: detailed project financial analysis, cost factors, revenue factors
Course Outline | 03 Day Three
- Value based product pricing
- Cost modelling and forecasting
- Cost model development and product forecasting
- Product and business requirements
- Detailed project management plan
Course Outline | 04 Day Four
- Product solution definition and design
- Business process design
- Quoting and ordering process, implementation, support, billing
- Technical solution architecture
- Functional model, data model, vendor evaluation, bench testing, ensuring design quality
- OSS/BSS
- Architecture considerations
- Design tools and tips
Course Outline | 05 Day Five
- PoC, ITIL, solution architecture templates
- Finalising product build
- Product sales and marketing guides, price sheets, product/service collateral, proposals, application forms
- Technical solution build
- Finals processes, technical guide, OSS/BSS
- PRT / ORT
- Product launch
- Product lifecycle
- Performance management & reporting
- Leadership and staff choice, portfolio planning, marketing planning and budget
BOOST’s Professional Attendance Certificate “BPAC”
BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.
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