The new product design process is a complex one that involves a myriad of considerations. One of the most important considerations is the trade-off between cost, quality, and schedule.
It is essential to understand when and how to make these considerations in order to create an effective and successful product.
The first step in making trade-off decisions between cost, quality, and schedule is during the concept development phase. At this stage, it is important to identify which aspects of the product will be prioritized based on cost, quality, or schedule. This helps to determine the overall direction for the project and ensures that all stakeholders are aware of the trade-offs being made.
The next step in making trade-off decisions is during the design phase. During this stage it is important to evaluate the options available for each component of the product.
This includes determining which materials are available at a lower cost while still meeting quality standards, or which components can be manufactured more quickly without sacrificing quality. Making these decisions early on can help save time and money later on in the process.
Finally, when it comes time to implement changes or modifications throughout the design process, it is important to consider how these changes may affect cost, quality, or schedule. For example, if a change requires additional resources such as materials or labor then this should be taken into account when assessing its impact on cost or schedule.
In conclusion, considerations about trade-offs among product cost, quality and schedule should be made during all phases of new product design process from concept development through implementation. This helps ensure that stakeholders are aware of any potential impacts on cost, quality and/or schedule prior to making any final decisions about their product.
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