.jpg){kind=small}
a
Process Template: Product Lifecycle Process Flow Overview
Process Overview
This is a compendium of the Product Lifecycle Process Flow, which provides the structure for the content of best practices, 'how to' instructions, examples and templates that are integrated into the VCG's Business Process Transformation Framework (BPTF). The content was especially designed to meet the needs of companies that desire to accelerate time to market and gain competitive advantage from adopting leading best practices in product lifecycle management.
Those interested in this detailed material must pay a one time subscription fee to join the PLM User Group. All subscribers will then be given complete access to all the PLM documentation; notification of new material postings; forum access and ideation events.
Leading edge companies succeed by proactively managing their portfolio of products from product development to product planning, validation, and launch. Click here for a complete listing of Product Lifecycle Best Practices.
- Product planning enables companies to decide the best use of resources for technology and product development to create both short term and long term competitive advantages.
- Product development enables companies to execute their plans and to make the best use of scarce resources to meet the company's product goals.
- Product validation ensures that the product meets customer and market requirements, manufacturing ramp up production needs, and that the organization is ready for product release and market launch.
- Product launch addresses the lifecycle from preparing for introduction to retirement to ensure that product in the market will make the best
Planning ensures that the right product are developed; development ensures that development is done right; validation makes certain that products hit the design targets, and product launch ensures optimal benefits from development efforts.
Click on the link below for the working chart.
Conclusions
Leading edge, benchmark companies with processes aligned for better portfolio management grow 50% faster, decrease time to market by 30% and drop time to profitability by 20-30%.
Best Practice Knowledge Library - The link below leads to a fully linked "Product Lifecycle Process Flow" diagram via the PLM Process User Group portal. You must subscribe to the PLM User Group to gain access to this working document.
Rating: 4.00 / 5.00
-
1 ratings
Comments for Process Template: Product Lifecycle Process Flow Overview:
Total Comments: 5
Bob, Your comment about the level of detail in development is correct. There are more elements defined in this area but, they are industry specific; CPG, Semi Conductors, Automotive... These activities do run in parallel and are typically governed by a phase / gate structure.
Very well presented and useful for practitioners
Simply well done!
very well depicted
The product lifecycle product flow development column seems to be lacking in detail compared to the planning column. Is this intentional since there are many flow charts for the development process, and your value chane focus in on wisely matching potential new products to market opportunities? I'm sure you will acknowledge that the process could have some steps done in parallel, or even a different order depending upon the original impetus, say a new tech -- dev conc bef invest a lot of pl