The Smart Risk-Playbook Newsletter
Helping business leaders prevent product risks |
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The Smart Risk-Playbook Newsletter
Helping business leaders prevent product risks |
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The product verification plan is a roadmap for testing and validating a product’s performance throughout the development phase. It outlines how your business will demonstrate that your product meets its targets and is safe, durable, and fit for purpose. The plan defines pass/fail criteria for each requirement and will likely include some of the following:
The design of the product verification plan is critical. Careful thought must be given not only to the design of each individual test but also to the sequence in which tests are performed. One sample product may be subject to multiple consecutive tests to ensure the worst-case scenario. A well-designed product verification plan is more than just a series of tests; it is a comprehensive, dynamic system that safeguards the integrity of your product and your business. It ensures that every stage of development, from prototype to first-off production units, is rigorously evaluated against clearly defined criteria. By incorporating both controlled lab tests and real-world simulation testing, you can comprehensively assess how your product will perform under ideal conditions and in unpredictable, real-world scenarios. The value of a product verification plan also extends far beyond the immediate product cycle. It becomes a strategic asset that builds on the lessons of previous iterations, fortifying your business’s expertise and protecting against costly failures. Additionally, it provides invaluable insights that improve not only your product but your entire development process. By continuously refining your verification plans based on real-world feedback, your organisation improves its product development and maintains a competitive edge. Ensuring you have a good process around creating, updating and using product verification plans is an essential aspect of effective product risk management. These activities will pay dividends in preventing failures in market, warranty costs and potential product recalls. Comments are closed.
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Bringing a product to market, whether it’s a new launch or an established line, comes with challenges at every stage. I’ve seen firsthand how unexpected risks can derail even the most innovative businesses.
My goal with this newsletter is to help you anticipate these risks, make informed decisions, and strengthen your business’s resilience. Each issue, you’ll gain practical insights such as: By understanding what’s happening behind the scenes, you’ll be equipped to ask the right questions, challenge assumptions, and create a business that runs smoothly, without unexpected setbacks slowing you down. |