Research & Development Ecosystem
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This document outlines the process for developing a new project or product from conception through evaluation. It involves drafting a blueprint and feasibility study, obtaining approval from an executive committee and board of directors, financing and developing the product, marketing and selling the product, then evaluating its success. The process is broken into 7 phases with checkpoints to proceed, reject, or keep investigating the idea further at each stage.
Research & Development Ecosystem
- 1. Project/Product Blueprint • Idea • Problems • Initiative • Weaknesses • Creativity • Innovation Feasibility Study • Compatibility • Market • Budget & Resources • Current Technology • Competitors & Risks • Sample/Prototype • Monetization Plan Executive Committee Action Plan • Proceed • Reject • KIV Project/Product Planning • Project Proposal • Budgeting • Pricing • Manpower • Draft/sketch • Time Line • Facility • Technology Transfer Board of Directors Action Plan • Proceed • Reject • KIV Project/Product Financing/Booking/Showcase • Current Clients • Prospect Clients • Investors • Government • Media • Others Project/Product Development • Design • Production • Additional Features/Adjustment • Quality Assurance • Storage • Security • Patent Copyright • Deployment Sales & Marketing • Promotion • Demonstration • Offers • Incentive • Target Evaluation • Success Rate • Achievement • Problem Solving • Assessment • Reporting • Feedback Research & Development Ecosystem Incident • Faulty • Cost Overrun • Security Issues Back-up Plan • Countermeasures • Cost Cutting Measures • Legal Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 Phase 6Phase 7 Amendments Additional Features, Upgrades, Latest or New Version ?