YIIP1200 Product Life Cycle Management

Preliminary schedule for Spring 2008

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Product Life Cycle Management• Teachers: Mika Huhta & Pasi Kaipainen

• Starts on Saturday, February 2 2008

• Wk5 2.2. Introduction and Concept• Wk7 15.-16.2. Product development• Wk11 14.-15.3. Production/Utilization• Wk15 11.-12.4. Support/Retire/recycle• The exam day will be decided later

• Lectures take place on Fridays 16-19 and on Saturdays 9-16

• Course book: Product Life Cycle Management, 21st Century Paradigm for Product Realisation, Stark John, Springer 2006, ISBN 978-1-85233-810-7

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YIIP1200 Product Life Cycle Management

• Prerequisites: Project Management YIIP1100• PLM course will apply skills and methods from

YIIP1100 during Product Development module• Objectives: a holistic view to Product Life Cycle

Management and its implications during different life cycle stages and companies’ strategy work

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Assessment

• Exam 50%• Exercises/practical simulation (incl. self-

assessment) 50%• Grading scale 0-5• Implementation: Classroom-based lectures,

individual/pair/group work• Exercises/practical simulation are returned to the

R5 learning environment• Exercises/practical simulation: Some items in

different PLM modules will be practiced through exercises/simulation

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Grading

Grade Points Explanation

Fail=0 0-39.9 Scoring not enough

1 40-51.9 Pass

2 52-63.9 Pass with OK

3 64-75.9 Pass with Good

4 76-87.9 Pass with Very Good

5 88-100 Pass with Very Good and Merits

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Topics

• Concept: Develop product ideas into different product concepts, manage product portfolio and plan marketing strategy, create a business plan

• Product Development: create new products defined in portfolio on time to fill market demand; plan, implement and measure Product Development main project areas, product total quality

• Production/Utilization: manufacturability, rapidly increasing sale, market penetration, distribution, services around the products, increasing profits

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Topics

• Support: maximized high-profits, cost reductions, alternative and more intensive distribution

• Retire/recycle: Declining profits, price cuts, minimize capital tied up in inventories, lessons to the new products

• General: Company strategy-PLM strategy, management/leadership during PLM, SWOT as part of the strategy work etc.