4 Types Of Product Analysis Techniques For Projects

Adeniyi SalauApril 17, 2023

0 0 2 minutes read

4 Types Of Product Analysis Techniques For Projects

What Is Covered

In my previous article, I talked about some of the facts that you need to know about the project scope statement. In this article, I want to talk about product analysis techniques for projects. Follow me as we will look at that together in this article.

Product Analysis is an evaluation of the project’s end product and what it will take to create the product.bit translates project objectives into tangible deliverables and requirements.

It includes techniques such as product breakdown, requirements analysis, system engineering, system analysis, value engineering, and value analysis.

Now the techniques…

#1 Functional Analysis

This has to do with the analysis of all the things that a product does, including primary and related functions, to identify unnecessary functions that may drive up the cost of a product.

#2 Value engineering and value analysis

This has to do with identifying and developing the coat versus benefit ratio for each function of a product. A method for controlling cost while maintaining performance and quality standards. Very common in military and construction contracts.

#3 Quality function deployment

This has to do with identifying the customers’ needs and translating those needs into technical requirements appropriate for each stage of the product development cycle.

# System engineering

This is the process of analysing products holistically and interpreting factors such as users, usage environment and related hardware or software, with which the product must function.

Action Point
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I know you might agree with some of the points that I have raised in this article. You might not agree with some of the issues raised. Let me know your views about the topic discussed. We will appreciate it if you can drop your comment. Thanks in anticipation.

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