In many cases we join new product development at preliminary stages where feasibility is in question. Our methodical procedure for product feasibility study produces detailed and realistic assessments. This formal process allows us to define practical and cost-effective limits of current technology through a wide benchmark study of similar products or components. Using our knowledge base we augment these findings with a realistic assessment of accessible technology capabilities. Included in this analysis are current forecasts for technology development.
This process provides several key recommendations for product development. Specifically it delivers fair estimates of development difficulties, risks, cost and schedule. Alternate implementations and recovery options are identified. These may be elected as primary or as secondary development paths to contain and reduce risk.