Expanded

Managing New Product Development

This course will teach you to create, manage, and enhance new product development processes within your organization.
Course info
Level
Intermediate
Updated
Jan 4, 2021
Duration
43m
Table of contents
Description
Course info
Level
Intermediate
Updated
Jan 4, 2021
Duration
43m
Description

Once an organization has finalized its strategy and vision, implemented a sales function, and has a thorough understanding of the product’s finance, a new product development (NPD) process can be used to refine or create new products and services. Most practitioners find themselves as a participant or leader in their organization’s NPD process by accident without any formal training. In this course, Managing New Product Development, you’ll learn the steps product managers and other stakeholders use to take an idea from conception to product launch. First, you’ll explore the phases, stages, and gates of common NPD processes. Next, you’ll discover items typically in and out of scope of an NPD process as well as operational management considerations. Finally, you’ll learn how to produce and present a new product presentation for approval. When you’re finished with this course, you’ll have the skills and knowledge needed to manage new product development.

About the author
About the author

Curtis Webb is a product manager in the payments industry, responsible for product strategy and development.

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Section Introduction Transcripts
Section Introduction Transcripts

Course Overview
Hi, everyone. My name is Curtis Webb, and welcome to my Pluralsight course, Managing New Product Development. Have you started a new job or joined a team that engages with, facilitates, or enables a new product development process within your organization? Wondering what new product development is, its importance, and how it creates value for your organization and its paying customers? Most product managers and other stakeholders find themselves as a practitioner in the process, without any knowledge or training. Or even better, have you been asked to create or enhance your organization's new product development process? Once the organization has finalized its strategy and vision, implemented a sales function, and has a thorough understanding of the product's finance, a new product development process can be used to refine or create new products and services. Some of the major topics we'll cover include an overview of stakeholder roles and responsibilities, a deep dive into the new product development process and its phases, stages and gates. We'll also review best practices and tips for producing a product proposal presentation. By the end of the course, you'll be equipped with the skills and knowledge required to manage new product development. Before beginning the course, I recommend becoming familiar with strategy and vision, product sales, and product finance. I hope you'll join me in this course, Managing New Product Development, a proven process that can deliver repeatable results for your organization.