L4, Strategic planning & development Flashcards
What can we learn from the story of Rolls Roys RB211?
The maturity of technology is a very important aspect
—> relying on immature technologies may have severe censequences — RISK
—> True innovative technologies tend to be relevant over a long time
Name an assessment of technology maturity?
TRL — Technology Readiness Level
—> proposed by NASA 1995 as a means to measure maturity of technologies in a system
—>TRL has been widely adopted also outside space and aerospace.
—> TRL is a scale to assess the maturity of a technology
—> Used to assess how mature and “ready” a technology is to deploy
Describe NASA:s TRL!
TRL consists of 9 different stages:
- Basic principles observed and reported
- Technology concept and application formulated
- Analytical and experimental critical function and characteristic proof of concept
- Component and breadboard validation in laboratory environment
- Component and breadboard critical function verification in relevant environment
- System model or prototype demonstration in a relevant environment
- System prototype demonstration in a space environment
- Actual system completed and flight qualified through test and demonstration
- Actual system “flight proven” through successful mission operations
TRL 6 is usually required for use of technology when starting to develop a complex product such as a car, aircraft or similar.
What is meant by manufacturing readiness level?
The readiness to manufacture a product
MRL1= basic manufacturing implications identifies
.
.
.
MRL10: Full Rate production demonstrated and lean production practices in place
Bringing innovative solutions from idea and basic understanding takes time, how much time?
The lead-time from idea to market is in average 9.8 years in Sweden’s bigger companies
what are the 4 phases of product development?
- concept development
- System-level design
- Detail design
- Testing and refinement
The product planning phase precedes the product development process
Describe the product planning process!
- identify opportunities
- Evaluate and prioritize projects
—> portfolio of projects - Allocate resources and plan timing
—> product plan - Complete pre-project planning
—> mission statement - Product development process
Often, the outcome of a planning can contain a strategy for multiple versions of a product and when to release
Describe a market segment map
A market segment mat is a way to display what product or what development initiative should adress what market
A means for companies to iterate a market strategy with product engineering.
Y-axis: Market segment
X-axis: Year of release
Describe the technology roadmap
— Roadmaps can have different layouts but they all display a time plan for developing something, such as products and technologies.
— useful to display dependencies between activities
Y-axis: Functional elements
X-axis: Technologies in Tims
platforms vs. Derivatives?
— Complex products are costly to develop.
— Most companies want to develop and release several products at the same platform
—The derivatives all share some common solutions in what is called a platform
Describe the product-process change matrix!
— Visualizes the relations between product and process from a “degree of change” perspective
— If a product changes BOTH the product features and process features it is called a RADICAL product
—> high risk
—> high gain
Y-axis: Extent of product changes
- NO product change
- Minor product enhancement
- addition to product family
- Next generation products
- New core product
X-axis: Extent of production process changes
- New core process
- Nest generation process
- Single department upgrade
- Turning and incremental changes
- No process change
— New core product+new core process= Breakthrough development projects
— Next generation process + next generation product= platform development projects
— Single department upgrade+ addition to product family= derivative product development
— Tuning an dicreamental changes+ no product change = product/process support
Describe the roadmapping principle
— An important principle of roadmapping is to visualize the order of dependences and in this case, the relation between different roadmaps
— If marketing, product development and technology departments are not aligned
—> BIG RISK
— There are 4 different roadmaps:
- Strategic roadmap
- Market roadmap
- product roadmap
- Technology roadmap
— An integrated roadmap must link corporate strategic planning with market understanding, product development plans and technology development plans.
what is product planning?
Product planning is the bridge from marketing analysis and product development
What is product portfolio?
A means to systematically plan how to meet market needs
What is product roadmapping?
complements product portfolio with timing
