Estimating the Cost of the New Product in Development Process

Abstract

Development of innovative products requires companies a lot of effort. The creation of an appropriate strategy development, climate, protection of resources and preparing a launch system is a major challenge. Uncertainties and risks that accompany innovation require use such methods and tools to design innovation is designed precisely and will guarantee of success. Achieving success is largely dependent on the effectiveness of the decisions in the implementation of the deployment process. Among relevant criteria which influence decisions making are costs. This paper shows an approach to estimate the cost in the new products development. In paper were presented examples for estimating the cost of future product at various stages of the implementation process. It was proposed methods that allow estimating the cost of the planning, development and operational activities at the NPD. This makes it possible to assess the cost-effectiveness of the process in terms of achieving the intended benefits and making effective decisions.

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