BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN BEGIN:VEVENT UID:765@x8ti.com DTSTART;TZID=Europe/Amsterdam:20270118T090000 DTEND;TZID=Europe/Amsterdam:20270122T130000 DTSTAMP:20260224T085036Z URL:https://x8ti.com/event/product-lifecycle-management/ SUMMARY:Product Lifecycle Management DESCRIPTION:Course Overview\nWhat is the product life cycle process?\nProdu ct Lifecycle Management (PLM) is a systematic approach to managing the cha nges a product goes through in its lifecycle. This is from inception\, thr ough design\, prototype\, and manufacture. It continues towards – launch and marketing\, and ultimately retirement from the market. Product lifecy cle management is considered\, by many\, one of the strategic pillars of a n organization’s IT structure.\n\nThe emergency of technology and digita l facilities has changed the way products are designed and brought to mark et\, and this has given rise to new modern techniques. This course will in troduce you to different topics. These subjects will prove vital to how yo u define\, develop\, launch\, and retire products and services. This will also impact how you include features that satisfy the needs of the custome r.\n\nAn increasing number of organizations are head-hunting for expert PL M professionals. This will empower professionals who can optimize the prod uct development process and make it much faster\, simpler\, and cost-effic ient. They can integrate data\, workflows\, and systems across the value c hain\, which leads to augmented productivity.\n\nWhat is an example of PLM ?\n\nThis programme introduces you to definitions of PLM\, terminology\, c oncepts\, and tools. Participants will learn concepts\, tools\, and techni ques in Design Thinking\, Lean Management\, and Agile principles. Delegate s will be able to align them with the outcomes of Value\, Flow\, and Quali ty. The principles and techniques will enable the participants to experien ce a mindset shift. This shift will change how you approach work and lead you towards better and more impactful outcomes.\n\nThe key focus of this c ourse is to unify the people\, data\, processes\, and systems associated w ith the product life cycle. This will result in several significant benefi ts\, including fewer production errors\, fewer iterations\, and\, eventual ly\, increased market speed.\nCourse Objectives\nThe objectives of this co urse are to empower professionals taking this course with:\n\n An in-dept h appreciation of the product lifecycle and the importance of product mana gement\n Understanding of the stages of product lifecycle management and the elements associated with each stage\n For a product in the “market\ ,” understanding the phases of a product lifecycle is key.\n Understand ing of the principles of Design Thinking\, Lean Mindset\, and Agile Princi ples and aligning them with the outcomes of Value\, Flow\, and Quality\n Examples of best practises for various stages in the product life cycle\n The identification and process of knowing how to retire a product when th e time is appropriate.\n Confidence and experience in managing the produc t lifecycle and understanding some of the key challenges are required.\n The necessary skills\, knowledge\, and perspective to participate in or in dependently devise an effective product strategy for the organization\, as well as successfully develop and launch products in accordance with this strategy.\n The identification and the difference between project-led and product-led organizations\n The understanding of how to create a custome r-oriented product mindset and culture\n The understanding and capability of Product Lifecycle practises and tools required to take an idea through the entire product lifecycle\n\nTraining Methodology\nThis collaborative Product Lifecycle Management Course will comprise the following training m ethods:\n\n Lectures\n Seminars &\; Presentations\n Group Discussion s\n Assignments\n Case Studies &\; Functional Exercises\n\nAligned wi th all our calibrated methodology\, this program also follows the ‘Do-Re view-Learn-Apply’ model.\nOrganizational Benefits\nSome of the benefits of this course\, through effective Product Lifecycle Management\, to a bus iness enterprise include:\n\n Quicker time-to-market\n Risks and costs a re reduced\n Focus on innovation and product quality\n Effective design- to-cost price structure overview\n Target product costing that works\n P rofitability forecasting\n Analysis of purchase prices and reliable cost estimates\n increase in efficiency both internally\, as well as for custo mers and suppliers\n A workforce that embraces empirical change\, to enab le a culture that innovates and continually improves\n Increased customer and stakeholder satisfaction due to credible planning and management\n E xponential business growth due to improved\, high-quality products\, deliv ered as per customer expectation\n\nPersonal Benefits\nProfessionals atten ding this course will benefit and enhance their career prospects\, as well as gain professional recognition through:\n\n Better understanding\, awa reness\, knowledge\, and the importance of efficient product lifecycle man agement\n Enhanced skills and knowledge to devise an effective product li fecycle strategy and successfully implement it in one’s organisation\, t hus contributing to high quality and timely product delivery\n Increased knowledge\, capability\, and experience in order to pursue advanced career opportunities as a Product Manager\n increased revenue generation and bo ttom-line profit via improved innovation and efficiency\n An understandin g of the importance of vision\, value\, and strategy to effective product management is essential\n An authentic leader and a change agent\, that e nables a culture in which teams can flourish\n A sense of pride and satis faction in contributing towards the overall lifecycle of a successful prod uct\n\nWho Should Attend?\nThis course is highly recommended for:\n\n Pro duct managers and aspiring product managers who are considering transition ing into product management\n Associated professionals who wish to earn t heir recognition through certification\n Anyone new to the role of Produc t Manager\n Members of the Project Lifecycle Management project team and product marketing managers\n Project managers\, Program Champions and Spo nsors\, and Business Subject Matter Experts who want to refresh\, improve\ , and learn from real-life product lifecycle management case studies\n Me mbers of the IT who will be actively involved in product design\, developm ent\, prototyping\, testing\, and delivery\n Entrepreneurs and any other professional looking to obtain a basic understanding of the product lifecy cle management process\n\nCourse Outline\nIntroduction to Lifecycle Manage ment\n\n Lifecycle Management Overview\n Introduction to Product Lifecyc le Management\n The Advantages of a Product Life Cycle\n Why do organiza tions need product management?\n What is product management?\n\nProduct D efinition\n\n Product definitions\n Product examples\n Attributes of a product\n Product Development Frameworks\n Delivering customer value thr ough products\n About product mindsets\n Getting started with a product mindset\n\nProduct Management Value Flow Quality (VFQ) Framework\n\n Valu e Flow Quality (VFQ) guiding principles\n Delivering value early and ofte n\n Optimizing the flow of work end-to-end\n Discovering quality with fe edback\n\nIntroduction to Product Lifecycle Project Phases\n\n Concept of the Beginning of Life (BoL)\n\n Development\n Prototype Launch Manufact ure\n\n\n Middle of Life (MoL) Distribution\n\n Product Use\n Service\n \n\n End of Life (EoL):\n\n Retire\n Recycle\n\n\n\nBeginning of Life ( BOL)\n\n Concept\n\n Design Thinking\n Innovation\n\n\n Development\n Kano model prototyping and validation\n Launch\n Promotion\n Marketing \n Manufacturing\n\nMiddle of Life (MoL)\n\n Chains of Distribution\, Sa le\, and Supply\n Expanding PLM across the value chain\n Product Use\n The four-phases of the product life-cycle\, with examples\n\n\n Continuou s Improvement and Development\n\n\n Maintain\n Support\n Sustain\n\nEnd of Life (EoL)\n\n Phase-out\n Retire\n Recycle\n Disposal\n\nResponsi bilities of a Product Team\n\n Adaptive Leadership\n Three key areas of focus\n The role of a product team\n Responsibilities of a product team\ n\nSample Product Strategies\n\n Case Study Examples\n Hands-on case stu dies and exercises\n\n \n\n \; ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2024/12/Scre en-Shot-2024-12-01-at-6.38.09-PM.png CATEGORIES:Procurement, Logistics and Supply Chain Management LOCATION:http://online END:VEVENT BEGIN:VTIMEZONE TZID:Europe/Amsterdam X-LIC-LOCATION:Europe/Amsterdam BEGIN:STANDARD DTSTART:20261025T020000 TZOFFSETFROM:+0200 TZOFFSETTO:+0100 TZNAME:CET END:STANDARD END:VTIMEZONE END:VCALENDAR