AMIE INDIA Students Forum

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Planning is the process used to develop a scheme for scheduling and committing the resources of time, money and people. A plan shows how a project will be initiated, organized, co-coordinated and monitored. A product plan is a decision-making as regards to the design and manufacture of a product, by considering the revenues from different products. For example assume that a company already manufacturing 3 products, say P1, P2 and P3 identifies a need to design a new product ‘N’. Owing to the design and manufacture of the new product, the production volume, and hence revenue from products P1, P2,and P3 may be affected (due to re-allocation of company resources such as raw materials, machineries). In this situation, the company has to decide a time-schedule for the design and manufacture of the new product. Such plan made by the management is called the product plan. It must contain the time-as well as resource allocation for each of the products. More over it will result in optimum and efficient use of resources. After the product plan in made, the management begins a project for a new product design

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Product Definition - Detailed Product Requirements Document (PRD) that includes the product vision, market focus and both user and operational requirements
Product Architecture - Building blocks that ensure continuity and increase profitability
Product Roadmap - Long term plans leading your company confidently into the future
Release Plans - Quarterly details that keep you on track and satisfy your customers
Pivotal Path's unique approach to product planning integrates the 'big picture' into the product plan by implementing the company's values, vision and mission into the plan.

The product roadmap brings direction by succinctly defining the product's build-out. Key deliverable dates and operational plans are identified in the product planning exercise. Finally product release plans and controls are implemented through a schedule
of checkpoints.