ArulmiguMeenakshi Amman College of Engineering
Vadamavandal-604410.
Important questions and answers
CME343- NEW PRODUCT DEVELOPMENT
Prepared by
V.Umapathy,
Prof. /Mech.
S.No. Questions and answers
Unit-I
FUNDAMENTALS OF NPD
2 – marks question and answers
1. What is meant by new product development?
New product development (NPD) is the comprehensive process of bringing a new product or service to
market. It involves a series of stages, from initial idea generation to the final launch, and includes activities
like research, design, development, testing, and marketing. Essentially, NPD is the journey of transforming
an idea into a tangible product that can be sold and used by consumers.
2. What are the 7 stages of new product development?
The 7 stages of new product development are: Idea Generation, Idea Screening, Concept Development,
Marketing Strategy & Business Analysis, Product Development, Test Marketing, and
Commercialization. These stages provide a structured approach to bringing a new product to market, from
initial idea to final launch.
3. Why did the new product fail?
New products frequently fail due to a combination of factors, with inadequate market research, poor
, product-market fit, and ineffective marketing being the most common culprits. Essentially, if a product
doesn't solve a real problem, doesn't resonate with the target audience, or isn't properly communicated to
potential customers, it's unlikely to succeed.
4. What is the concept of NPD?
New Product Development (NPD) refers to the process of delivering a new product, service, idea, or
technology to the market. The process usually follows a structured approach that involves several stages,
from ideation and concept development to market research, product launch, and post-launch evaluation.
5. What are product grids?
A product grid is the collection of products displayed on your site, such as when a visitor runs a search.
Bloom reach algorithmically selects and ranks products in your product grid.
6. What is ECN in NPD?
An Engineering Change Notice (ECN) is a pivotal document within the realm of engineering change
management that serves as the formal notification and documentation of proposed changes to a product's
design, components, prototyping, or associated processes.
7. What are the 4 types of specifications?
The four main types of specifications are: Performance, Prescriptive, Proprietary, and Reference. These
specifications are used to define the requirements and standards for a project, ensuring clarity, consistency,
and compliance.
8. What are the 9 steps in developing product specifications?
Start with an idea. ...
Research the market. ...
Plan the prototype. ...
Create the prototype. ...
, Form partnerships. ...
Determine production costs. ...
Create the final item. ...
Market your product.
9. What are the customer specific requirements?
Customer-specific requirements (CSRs) are additional or supplemental requirements imposed by a
customer on a supplier, beyond the basic requirements of an industry standard or contractual
agreement. These requirements are typically documented by the customer and must be adhered to by the
supplier in addition to standard practices. In the automotive industry, for example, the IATF 16949
standard mandates that suppliers identify, implement, and audit CSRs with the same rigor as standard
requirements.
10. What is the basic of Gantt chart?
A Gantt chart is an agile project management tool used to plan and track the progress of various tasks and
activities within a project. Serving as a visual timeline, it displays the list of tasks, their start and end dates,
milestones, dependencies between tasks, and assignees.
13 and 15 marks question and answers
11. What are the 7 stages of new product development? Explain.
,
Vadamavandal-604410.
Important questions and answers
CME343- NEW PRODUCT DEVELOPMENT
Prepared by
V.Umapathy,
Prof. /Mech.
S.No. Questions and answers
Unit-I
FUNDAMENTALS OF NPD
2 – marks question and answers
1. What is meant by new product development?
New product development (NPD) is the comprehensive process of bringing a new product or service to
market. It involves a series of stages, from initial idea generation to the final launch, and includes activities
like research, design, development, testing, and marketing. Essentially, NPD is the journey of transforming
an idea into a tangible product that can be sold and used by consumers.
2. What are the 7 stages of new product development?
The 7 stages of new product development are: Idea Generation, Idea Screening, Concept Development,
Marketing Strategy & Business Analysis, Product Development, Test Marketing, and
Commercialization. These stages provide a structured approach to bringing a new product to market, from
initial idea to final launch.
3. Why did the new product fail?
New products frequently fail due to a combination of factors, with inadequate market research, poor
, product-market fit, and ineffective marketing being the most common culprits. Essentially, if a product
doesn't solve a real problem, doesn't resonate with the target audience, or isn't properly communicated to
potential customers, it's unlikely to succeed.
4. What is the concept of NPD?
New Product Development (NPD) refers to the process of delivering a new product, service, idea, or
technology to the market. The process usually follows a structured approach that involves several stages,
from ideation and concept development to market research, product launch, and post-launch evaluation.
5. What are product grids?
A product grid is the collection of products displayed on your site, such as when a visitor runs a search.
Bloom reach algorithmically selects and ranks products in your product grid.
6. What is ECN in NPD?
An Engineering Change Notice (ECN) is a pivotal document within the realm of engineering change
management that serves as the formal notification and documentation of proposed changes to a product's
design, components, prototyping, or associated processes.
7. What are the 4 types of specifications?
The four main types of specifications are: Performance, Prescriptive, Proprietary, and Reference. These
specifications are used to define the requirements and standards for a project, ensuring clarity, consistency,
and compliance.
8. What are the 9 steps in developing product specifications?
Start with an idea. ...
Research the market. ...
Plan the prototype. ...
Create the prototype. ...
, Form partnerships. ...
Determine production costs. ...
Create the final item. ...
Market your product.
9. What are the customer specific requirements?
Customer-specific requirements (CSRs) are additional or supplemental requirements imposed by a
customer on a supplier, beyond the basic requirements of an industry standard or contractual
agreement. These requirements are typically documented by the customer and must be adhered to by the
supplier in addition to standard practices. In the automotive industry, for example, the IATF 16949
standard mandates that suppliers identify, implement, and audit CSRs with the same rigor as standard
requirements.
10. What is the basic of Gantt chart?
A Gantt chart is an agile project management tool used to plan and track the progress of various tasks and
activities within a project. Serving as a visual timeline, it displays the list of tasks, their start and end dates,
milestones, dependencies between tasks, and assignees.
13 and 15 marks question and answers
11. What are the 7 stages of new product development? Explain.
,
