Product Development
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Transcript of Product Development
1
Entrepreneurship 101
Product Development Basics Steve Carkner
November 2008
Introduction to Steve Carkner
• 20+ Year product development experience • Former Director of Product Development and
Intellectual Property Research at RIM • Dozens of patents world-wide • Principally an Electrical Engineer
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Introduction to Panacis
• Medical, Military and Consumer product developer
• Full product development from napkin sketch to production
• Many products launched from tiny “cooler light” sold at Walmart to a power system for a fighter jet, sales to U.S. Navy.
• Profitable, high growth (100% P.A.)
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Product Development Path
• Does not matter how large or small – same basic path can be followed
• Failure to have a plan WILL result in inefficiencies at best… complete failure at “almost the worst” case
• Law suit is perhaps the worst case
• Following a plan will dramatically increase the chances of success defined as the launch of a profitable, high quality product or service
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The “V” Model of Development
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Concept of Operations
Comprised principally of the idea behind whatever you are trying to do.
• Who wants it • What is it for • Who pays • What is YOUR capability in the area
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Requirements and Architecture
Break down into separate documents with the first TWO being the most important
• Customer / Market Reqs. – non technical • Functional Requirements – more technical • Product / Engineering Specification – technical • Test and Verification Specifications – technical • Issues found during the design phase may
change the technical specifications, but will rarely change the customer and functional requirements documents
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Detailed Design
This is the most common product development activity to outsource
• Well written, complete requirements and architecture documents will dramatically simplify this step
• Larger programs are often broken up and assigned in a mix of in-house and outsourced models
• Keep an eye on the Customer Requirements, ensure that design decisions do not impact these, it is the basis of your plan! 8
Implementation
This is the building phase • Break into smaller, easier to test and validate
modules where possible • Create a Statement of Work for any contractor,
clearly define tasks and reference back to the specifications
• Any departure from the specifications, especially feature creep, should be documented and a revised SOW issued, otherwise unexpected invoices and departure from plan timelines will result 9
Suggested Tactic
Item # Description 5part@n Schematic Revision Level
PCB Revision Level
Mech Revision Level
Category How Fixed or Suggested Fix Open / Verify / Closed
Date Opened
Who open it?
Date Closed
Who close it?
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Customer spec does not explain what Charge Enable signal is used for or if it can be ignored, we plan to ignore it. 0.0 0.0 0.0 Electrical
This has been clarified, signal is absolute requirement. Second procesor added to design to handle it. closed 26-Nov-07 Steve Feb-08 Rene
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Cells have too much free movement inside housing and will easily tear connectors or slam into circuit board. New design required here. 0.0 0.0 1.0
Mechanical
Manufacture carrier boards that are taped to the cells to restrict free movement and support tab structure. Pot batteries into case. CLOSED 26-Nov-07 Eric May 23-08 Eric
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LCD Display angle is incorrect, designed for 6-oclock view, should be designed for overhead view 0.0 0.0 0.0 Electrical
Increase drive level to LCD by clocking the COM pin at 180 degrees to the segmet pin. This dramatically increases contrast and looks great. closed 26-Nov-07 Rene 11-Mar steve
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Create a tracking system at this point Any feedback can be reported, and tracked to closure Reduces design spin due to items “falling through the cracks”
Integration, Test and Verification
This is the Collection phase • This portion of the program is the MOST
underestimated in terms of time and costs • Budget should include the same amount of
time and cost for this stage as was allocated to the Design and Implementation phases together
• Pull in the modules and work created by the team and start “plugging it together”
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Integration, Test and Verification (cont)
• It will NOT work the first time • Most of the problems you encounter will tie
back directly to mistakes in the technical specifications, this is where a small mistake gets multiplied by orders of magnitude in terms of cost and timelines
• Resist temptation to revise on-the-fly • Fix the specification, revise the statement of
work, move forward again • Only fix it once, don’t break something else in
the process 12
System Verification and Validation
This is where you take the fully assembled product and start testing it in real-world situations
• Most of the problems you encounter will tie back directly to mistakes in the Customer Requirements
• The most common complaint will be unexpected operation or interactions
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System Verification and Validation (cont)
• A detailed system verification plan (sometimes called a Design Validation plan) is key to ensuring every element of the customer and functional requirements document is satisfied
• It is possible that a mistake at this point can invalidate most of the work done to this point
• Example: A customer wanted a system to operate a 1000 watt rated pump, provided this as a maximum rating, but at this stage discovers the pump requires 3000 watts to start spinning
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Treat Failures Like Gold!
You may be losing valuable information about product weaknesses
• Products will fail in the field in ways that cannot be predicted, therefore any failure during small scale production testing have a very high probability of indicating a real problem, fix it now rather than recalling a product that goes to full production
• Avoid the temptation to write off an early product failure as “because it’s a prototype”, follow the failure to a known root cause.
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Operations and Maintenance
Day-to-day activities would normally include production and maintenance of the design, updates to the design and product in the field
• The verification documents used in the previous step usually form the basis of a production test plan, a subset of tests that aims to prove the product is built correctly
• The production test plan forms the basis of a product return validation method, anything returned by a customer would be validated using the same tests as production
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The Next Revision
It is normal to go to Revision #2 Seeding the initial market target may give you
ideas on an even larger market that you can reach with minor product changes
You may realize how to get more money for the product with an additional feature
Revision may be necessary due to a misunderstanding of the market itself
This is the time to allow some feature creep, now that you have experience with Rev #1
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Tools
A few project management tools will help to improve communication and reduce risk
• Gantt Chart is the most common planning tool • Gate Review Chart more common in Military
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Gantt Chart
Allows all tasks to be managed on one sheet Assignment of resources and loading Estimates of program costs Quickly helps locate critical paths But… easy to get too deep into micro-management
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Gate Review
Also called a “Phase Gate Plan” Can be linear (as shown) or tiered Provides clear illustration of when the teams need to be brought
together to approve moving to next phase Each gate has documented set of deliverables and sign-offs Very useful when managing external resources as progress can be
charted in terms of performance, timeline and cost to be sure you are on target at each gate
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Budgeting for Development
Programs are generally over time and over budget • It is NOT always a bad thing to be over-budget, quite often
the end product is better when an appropriate amount of “spin” is added
• Budget can refer to dollars, to people or to time • If you are solely responsible for the estimate, you may be an
order of magnitude too low, get a second opinion… and double it?
• It is exceptionally rare to over-estimate a budget • Find similar products and see if you can find out how much
it cost to develop from end to end • Don’t expect to “beat” the predictions just because you are
a smaller team / company 21
Choosing a Partner
• The people and companies you choose to work with will be directly responsible for the success of your idea, do you really want to go with the lowest bidder?
• Investors are increasingly skeptical of heavily outsourced models because there is often a lack of buy-in by the outsourced company
• Look for a partner that will ADD to your company’s reputation and will improve your chances of getting funded
• Check references, not just the references the company gives you, but do a search on past news releases and other information… dig
• Be open with the company’s you deal with, treat them with respect and they will be there to help you later if/when things don’t go exactly to plan 22
Contracts
• Business should be done on a handshake, with a high level of trust • The handshake must be backed up with a contract • A good approach is to start with an MOU (Memorandum of
Understanding), it can be a 1 page bullet list which a lawyer can then easily turn into a full blown contract
• Ultimately, if you don’t trust the person or are nervous about the business relationship then an MOU or contract will NOT help, sometimes you have to go with your gut impression
• A well written contract will benefit both parties in conveying more than just rates and billing practises, but should also include the statement of work to be performed and methods of dispute resolution – Get a laywer
• Refer back to the contract DURING the project to ensure nothing new has been added or taken away by casual verbal agreement
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That’s It
• Wake Up…
• Any questions?
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