Now let’s have a closer look at the product development process. The product development process starts with the concept phase. In this phase, the product requirements, pricing estimations or deadlines are defined. From a technical perspective the production technology is defined.
In the concept phase, the major goal is to prove that business requirements and technical targets can be fulfilled. The requirements are set by the customer or by the business unit of the company.
Now watch the following video, which shows possible steps of an engineering concept phase.