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|Product LifeCycle Planning Framework - Conceptual Phase
The ‘Conceptual Planning Phase’ of the Product Management Process follows sequentially from the ‘Innovation Management Phase’ and evaluates further the business opportunities and strategic intent.
The purpose of this phase is to evaluate possible market opportunities (situational analysis) and to set appropriate product objectives and functional strategies. A ‘product requirements specification’ which is focused and biased toward the ‘user’ is produced during this phase and subsequently becomes a reference point for further analysis. The Company ‘development’ process and mandatory risk assessment elements are an integrated part of the Conceptual Planning Phase and as such is complementary to the additional activities associated with compiling the ‘Product Business Plan’.
The business plan and related process elements ensures that all functional areas of the business are represented in a timely and proactive manner. The format also enables the Product Manager to manage with a degree of authority the multi-disciplinary team by a process of functional objectives and associated strategies.
PMM (Generic) Programme Management and Market Development Planning Framework
Programme Management Plan
TouchPoint Management
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|PMM Business Planning Framework - Orientation
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Conceptual Planning Phase
Process Requirements - Objectives:
- Strategic Vision ~ Short, Medium, Long-term Objectives
- Market Research and Intelligence ~ Analysis and Review
- Marketing Audit (External & Internal)
- Review Strategic Alignment and Point of Reference - Strategic Intent
- Product Forecast and Trend Analysis
- Critical Success Factors Defined
- Financial Review, Commercial Viability and Management
- Product Development Programme~Plans / Variants
- Operations / Logistics Objectives and Strategy
- Sales Management Objectives and Strategy
- After-Sales and Product Support Objectives and Strategy
- Marketing Communication Objectives and Strategy
- Project / Product Name - Designation
- Business / Project Scenario Planning
- Strategic Deployment and Communication
- Risk Analysis~ Contingency Planning
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Strategic Tools and Processes
Conceptual Planning Phase
Phase Vision / Goal:
Product / Service Optimisation Programme - Competitive Advantage
Strategic Planning Tools / Processes
Stakeholder Management
Marketing Planning / Process Tools
Creativity / Process Tools
PLC Management & Planning Tools
Requirements Definition
Financial Tools / Processes
Innovation Management
Functional Activities / Deployment
Product Management (Soft) Skills
PM Specialist / Expert Knowledge - Conceptual Phase
