Product Life Cycle Management Toolkit

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Whole life engineering is made up of several disciplines whose main objective is to influence hardware and systems early in the life cycle to assure effective operation, reliability, maintainability and economical ownership by the customer and end user.

More Uses of the Product Life Cycle Management Toolkit:

  • Ensure that products meet all key criteria, as specified functionality, performance, reliability, marketability, cost targets, and sustainability.

  • Drive value added Value Engineering projects through your organization that are addressing part obsolescence, quality improvements, and/or Cost Reduction initiatives.

  • Develop and manage relationships with key suppliers and potential outsource manufacturers where appropriately aligned with commercialization plans.

  • Engage current and potential customers to identify product opportunities, guarantee successful product implementations, and stay abreast of customer needs.

  • Synthesize market and business results and forecast to support Quarterly Business Review, investor relations, and the executive Management Team.

  • Ensure your business complies; remains current on local market requirements, latest competitive product information, and technology/Market Trends to meet customer and Business Objectives.

  • Develop: direct interface with customers to further product lifetime, and managing existing product issues/strategies from business and high level technical aspects.

  • Establish: partner with manufacturing, Supply Chain and other departments to create meaningful metrics facilitating informed decisions by Functional Management.

  • Ensure in service Program Managers create a culture of customer and business stakeholder advocacy across the functions in thE Business to deliver on all requirements and expectations.

  • Determine reporting requirements and collaborate with IS Organization to create standard reports with data that can be used to inform decisions and are meaningful to internal stakeholders.

  • Coordinate: in collaboration with leadership, partner with sales to drive relationships with key customers and provide direction on Product Line focus areas to maximize sales and profitability.

  • Collect and synthesize information from customers, partners, competitors and internal organizations as engineering and business Development Teams as inputs to product concept development and Product Planning.

  • Develop product use cases and functional requirements in partnership with all stakeholders for new products, product enhancements and product combinations.

  • Develop the necessary technical and product content for syndication into marketing programs and sales force enablement assets to generate demand, acquire customers and achieve the growth and revenue targets.

  • Drive and communicate competitive assessment on your product and collaborate with the Sales Channel to identify and address broad industry and product trends.

  • Ensure you pose good judgment in balancing between innovation and robust operation, able to optimize productivity and efficiency when working with your partners.

  • Drive: category expertise derivE Business insights and relevant market opportunities through the development, analysis and execution of syndicated data and Market Research.

  • Steer: work in collaboration with business units, operational marketing, and Business Intelligence to develop unique Value Propositions for products and applications based on deep customer and competitor insight.

  • Manage work with sales and operational marketing to monitor effectiveness of Sales Enablement activities and work towards Corrective Action .

  • Be accountable for providing technical and programmatic oversight to subcontractors or remotE Business partners for the development of training materials and Technical Manuals.

  • Develop: work closely with marketing to ensure that external marketing activities are consistent with internal Product Strategy and product specific branding initiatives.

  • Ensure you train; understand external requirements and expectations, user and Business Needs and take proactive measures to leverage the QMS as a competitive advantage for thE Business.

  • Ensure your business applies analytics and material planning expertise to manage system parameters and meet target inventory and service level goals, while minimizing costs and obsolescence.

  • Determine product pricing and recommended pricing policies based on established gross margin objectives and preparation of plans for margin improvement where necessary.

  • Establish that your team tracks and recommends price adjustments based on customer and product margin analysis, and in response to raw material price changes and/or changes in supply/demand balance in the marketplace.

  • Gather and document detailed requirements, functional specifications, User Stories, and acceptance criteria for product and process enhancements.

  • Drive: work closely with Product Planning and operations to support accurate forecasting, manage raw material complexity and deliver overall Product Line productivity.

  • Gain executive leadership alignment via stage gate process by building a robust Business Case to support innovation efforts, ensuring alignment to category strategy.

  • Coordinate: implement established policies, system monitors and controls to ensure the successful management and reporting of all critical business unit initiatives.

 

Save time, empower your teams and effectively upgrade your processes with access to this practical Product Life Cycle Management Toolkit and guide. Address common challenges with best-practice templates, step-by-step Work Plans and maturity diagnostics for any Product Life Cycle Management related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Product Life Cycle Management specific requirements:


STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Product Life Cycle Management Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a Data Driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...


STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 999 new and updated case-based questions, organized into seven core areas of Process Design, this Self-Assessment will help you identify areas in which Product Life Cycle Management improvements can be made.

Examples; 10 of the 999 standard requirements:

  1. Does the scope remain the same?

  2. How risky is your organization?

  3. How is implementation research currently incorporated into each of your goals?

  4. Which needs are not included or involved?

  5. What Product Life Cycle Management capabilities do you need?

  6. What criteria will you use to assess your Product Life Cycle Management risks?

  7. What tools do you use once you have decided on a Product Life Cycle Management strategy and more importantly how do you choose?

  8. How do you manage scope?

  9. How do you reduce costs?

  10. Was a Product Life Cycle Management charter developed?


Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Product Life Cycle Management book in PDF containing 994 requirements, which criteria correspond to the criteria in...

Your Product Life Cycle Management self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Product Life Cycle Management Self-Assessment and Scorecard you will develop a clear picture of which Product Life Cycle Management areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Product Life Cycle Management Self-Assessment
    • Is secure: Ensures offline Data Protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:

 

STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Product Life Cycle Management projects with the 62 implementation resources:

Examples; 10 of the check box criteria:

  1. Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?

  2. Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?

  3. Project Scope Statement: Will all Product Life Cycle Management project issues be unconditionally tracked through the Issue Resolution process?

  4. Closing Process Group: Did the Product Life Cycle Management Project Team have enough people to execute the Product Life Cycle Management Project Plan?

  5. Source Selection Criteria: What are the guidelines regarding award without considerations?

  6. Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Product Life Cycle Management Project Plan (variances)?

  7. Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?

  8. Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?

  9. Procurement Audit: Was a formal review of tenders received undertaken?

  10. Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?

 
Step-by-step and complete Product Life Cycle Management Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:


2.0 Planning Process Group:


3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log


4.0 Monitoring and Controlling Process Group:

  • 4.1 Product Life Cycle Management project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance


5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Product Life Cycle Management project or Phase Close-Out
  • 5.4 Lessons Learned

 

Results

With this Three Step process you will have all the tools you need for any Product Life Cycle Management project with this in-depth Product Life Cycle Management Toolkit.

In using the Toolkit you will be better able to:

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Product Life Cycle Management Investments work better.

This Product Life Cycle Management All-Inclusive Toolkit enables You to be that person.

 

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.