Design & Development
The very first step of any project must be to correctly research the market, competitors, costs, trends and business case. This research is fundamental to developing accurate and reliable targets with which to start developing concepts around, and to create a business finance plan. This is also the time to research and develop benchmarks for the proposed idea in order to hit the target market at the correct level.
Part of the research is to identify a budget and master schedule for the project. The budget has to be based on fact and data, and the schedule is critical. Non adherence to a schedule will kill a project and cause cost over-run, so time spent at this planning stage developing accurate and realistic data will ensure a robust plan is in place. We have been through successful New Product Development (NPD) many times and can bring this knowledge and experience to benefit your project.
Once Functional Model development is complete the learning inputs into the design release milestone for prototype version 1. This includes all drawings, specifications, testing requirements and the validation plan. All work so far has ensured that this prototype is optimised as far as possible before large capital sums are invested in physical testing. This methodology, combined with a strong and firm master schedule and budget plan, is the most successful way of delivering a project.
It is common to partner with production manufacturing companies during the prototyping phase to allow robust feedback and DFM (Design For Manufacture) input.
The end result is a fully validated production version of a product with a traceable and robust history. This allows Independent Engineer, Investor and Due Diligence specialists to support the project. This is especially critical for large scale projects that require significant investment in production tooling to achieve launch.