The first step in product development is to create a product development plan. The next step is assigning tasks and estimating a timeline. The critical path method can help you make this planning easier. You should also evaluate feasibility, estimated timeline, and workload. You should also involve additional stakeholders, such as marketing and sales. This is the final step in the process of developing a new product. Then, you should consider how to launch the project.

The first step in product development is concept development. This involves the legal and pragmatic aspects of producing the product. The product is inspected for intellectual property, and details about its marketing are clarified. Once the marketing details are determined, the next step in the process is to determine how to sell the final product. The strategy involves marketing and selling the finalized item. During this stage, the company also has to plan its strategy. The final step is to develop the product concept.

The second step in product development is concept development. This step involves identifying the features of the intended products. In this stage, companies must identify the needs of consumers. This information is used to determine how to best create the product. The next step is design, which develops the high-level and detailed level of the product. Once the basic concept is created, product designers will turn these requirements into specific product features. Some aspects of the design may be industrial, while others are purely aesthetic.

The final step is concept development, in which the legal and practical aspects of the product are clarified. In this phase, the concept is formally created. During this phase, the concept is validated and tested by the team. During this process, the prototype is available to the stakeholders, and technical documentation is written as the project progresses. Once the product is completed, the team moves to the next phase. The final step is concept refinement.

Predevelopment activities in product development can be divided into different stages. The main purpose of these activities is to gather essential information for the Go/NoGo to Development decision. In the Stage-Gate model, each stage represents a Gate. The first stage is environmental screening. Here, changes in the external environment will be analyzed and translated into potential business opportunities. The next step is the final stages in product development. Once a concept is defined, the next steps in product design are a thorough analysis and design.

After concept development, the next step in the process is the idea generation. This is where the team develops the framework for the product. It develops the requirements and identifies the features of the project. As the project progresses, it moves to the concept document. The concept document will be presented to the stakeholders and a prototype will be created. It will go through the design and implementation phases. After that, it will be time to start marketing.