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Project Approval Slides

Project Approval Slides - Food Science& Technology FST...

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Unformatted text preview: Food Science & Technology - FST 650 Objectives - Project Approval Module Objectives - Project Approval Module ● Learn about types of product development projects ● Learn how and by whom projects are approved ● Learn the different approaches to financial evaluation Food Science & Technology - FST 650 THE NEED FOR ONGOING NEW PRODUCT DEVELOPMENT THE NEED FOR ONGOING NEW PRODUCT DEVELOPMENT ● Life Cycles ● Competition ● Consumer/Customer Needs ● New Technology ● Government Regulation Food Science & Technology - FST 650 PRODUCT DEVELOPMENT ADDS VALUE IN SEVERAL WAYS PRODUCT DEVELOPMENT ADDS VALUE IN SEVERAL WAYS PRODUCT DEVELOPMENT PRODUCT DEVELOPMENT GROWTH GROWTH PRODUCTIVITY PRODUCTIVITY IMPROVEMENT BRAND MAINTENANCE QUALTITY • Line Extensions • New Products • New Packages • Reduce Cost • Formulas • Packages • Manufacturing Procedures • Quality of Design • Leveragable Competitive Advantage • Conformance • Special Situations • Regulatory • Environmental • Specifications Food Science & Technology - FST 650...
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Project Approval Slides - Food Science& Technology FST...

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