Product Idea Definition (PID)
Idea evaluation usually requires a minimum of five documents to be created: Business Case, Product Specification, Value Proposition, Cost Analysis and Project Plan.
New Product Development (NPD)
Developing an agreed product concept through detail design (calculation plus manufacturing drawings), trial builds (product prototypes) and Qualification Testing (compliance).
New Product Introduction (NPI)
Preparing a working product prototype for launch (user documentation, assembly and FAT instructions, advertising documents, supply chain and distribution channels finalization).
One Stop Shop
All of the previously mentioned Product Development phases joined in one project to take any Product or System idea from its initial concept to launch and sell.