New Product Development Specialists

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2-Day New Product Development Professional (NPDP) Certification Preparation Review

(16 PDHs for NPDP Recertification)

Agenda

This 2-day workshop provides an in-depth review of the new product and service development process. It is suitable for anyone who seeks a thorough introduction to the new product development process, or who is preparing for the Product Development Management Association (PDMA) New Product Development Professional (NPDP) certification exam.

Day 1
 
8:30 – 9:00 Registration / Breakfast / Networking
 
9:00 – 9:30 Introduction Review Objectives
 
9:30 – 12:00 New Product Development Strategy – Business, product, market and platform strategies must be linked and self-reinforcing to be effective.

- Business Strategy, including types and
  examples
- Core Strategic Vision
- Product Strategy
   - Developing Product, Market, Technology and
      Platform Strategies
   - Types and Examples of Strategies
   - Types and Examples of Innovation
   - Roadmaps
- Product Innovation Charter
- Case Study
 

12:00 – 1:00 Lunch / Networking
 
1:00 – 2:30 Portfolio Management – A formal process for evaluating and selecting the appropriate NPD projects ensures execution of the intended strategies

- What is Portfolio Management?
- Types of projects in a Portfolio
- Senior Management Role
- Goals of Portfolio Management
- Models/Tools for Portfolio Management
- Integration Issues with the NPD Process
- Case Study
 

2:30 – 2:45 Refreshment Break
 
2:45 – 4:45 New Products Process – A formal process with specific activities and checkpoints ensures that new product development projects are carried out properly and increases probability of new product development success

- Definitions
- Stage-Gate
- Phase Review Process
- Decision-making
- Process Owners
 

4:45 – 5:00 Wrap-up
 

Day 2
 
8:30 – 9:00 Breakfast / Networking
 
9:00 – 11:30 Marketing Research – Gathering and evaluating effective market/customer/competitor information is key to identifying and creating successful new products that meet an important, unsatisfied customer need

- Tools, including use, pros, cons
   - Secondary research
   - Focus Groups
   - Customer Visits
   - Voice of the Customer
   - Kano Analysis
   - Segmentation
   - Perceptual Maps
   - Traditional Concept Testing
   - Conjoint Analysis
   - Market Modeling
   - Product Use Testing
   - Market Testing
- Case Study
 

11:30 – 12:30 Lunch / Networking
 
12:30 – 2:30 Tools and Metrics – Tools help your NPD teams carry out NPD activities efficiently and effectively; metrics monitor key parts of your process to help you identify problems and fine-tune your process

- Tools
   - Portfolio Management
   - Financial Analysis / Forecasting
   - Idea Generation
   - Quality
   - Engineering Design / Technical
   - Project Management
   - Market Research / Marketing
- Metrics
   - Fundamentals
   - Measuring Success
 

2:30 – 2:45 Refreshment Break
 
2:45 – 4:15 Teams, People and Organizational Issues – Having the right organizational and team structure that supports the NPD process is crucial to success.

- Definitions
- Project Team Organizations
- Team Culture and Process
- Building and Managing a New Product Team
   - Roles in New Product Development
- Organization Issues in Supporting Teams
   - Senior Management Roles
   - Cross-Functional Interfaces
   - Factors Affecting Multi-Functional Team
     Effectiveness
 

4:15 – 4:45 Post-seminar New Product Development Test
 
4:45 – 5:00 Wrap-up
 

To learn about our other innovation and new product development courses, please click here.

New Product Development Specialists

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