FINAL ASSIGNMENT
Detail the concept. The final assignment will require you to present the prototypes that address the key risks in the product
Team Size: 4
Describe the state of your design:
- Explain your proposed design. Support with drawings, physical models, demonstrations of function etc.
- Describe the prototypes that you built. What risks were they used to mitigate
- Describe your manufacturing plan.
- Quantify the size of the revenues that you would expect from pursuing these applications.
- Explain your entry strategy
- Identify the major fixed and variable costs that you will incur
- Estimate the price that you will charge
- Estimate the resources that will be necessary to exploit each of the different applications that you will pursue
- Identify the key uncertainties facing your business
Analyze your product
- Identify the names of substitute or competitive products or services that your solution will replace along with their prices and other attributes
- Explain why your solution is superior to those of competitors and substitutes from the customers point of view
- Explain how you will sustain your business against competition.
- Identify the findings from your prototypes. What answers did you get? How is your feasibility? What are the continuing technical challenges
- Describe your manufacturing plan. How effective/robust is your plan? What are the major costs, inflexibility, weaknesses?
- Explain how customer adoption will occur
- Estimate the pace of customer adoption over time
- Identify the key risks that the next level of design must cover.
- Explain how you are going to overcome key uncertainties facing your business