New Product Development and Launch Template

New Product Development and Launch Template in Priority Matrix

Organize and manage all aspects of new product development and launch in the chemical industry.

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Proposed Tasks

Urgent and Important

• Market Research (due in 2 weeks)
  ☐ Identify target market ☐ Analyze competition ☐ Understand customer needs
• Product Conceptualization (due in 1 month)
  ☐ Brainstorm product ideas ☐ Select promising concepts
• Feasibility Analysis (due in 6 weeks)
  ☐ Technical feasibility ☐ Financial feasibility ☐ Market feasibility
• Marketing Strategy (due in 4 months)
  ☐ Identify marketing channels ☐ Develop marketing materials ☐ Plan marketing campaign
• Product Launch (due in 6 months)
  ☐ Execute marketing campaign ☐ Launch product in the market

Important, Less Urgent

• Product Design (due in 2 months)
  ☐ Design product prototype ☐ Test and refine design
• Product Development (due in 3 months)
  ☐ Develop first product sample ☐ Test and refine product
• Quality Assurance (due in 3.5 months)
  ☐ Quality checks ☐ Product adjustments if needed
• Production Planning (due in 4 months)
  ☐ Plan production process ☐ Procure materials

Urgent, Less Important

• Production (due in 5 months)
  ☐ Start production ☐ Quality control during production
• Continued Marketing (due in 8 months)
  ☐ Continue marketing efforts to promote product

Less Urgent, Less Important

• Celebration (due in 14 months)
  ☐ Celebrate the successful product launch and project closure
• Future Planning (due in 14 months)
  ☐ Plan for future projects
• Project Closure (due in 13 months)
  ☐ Close project ☐ Document lessons learned
• Post-Launch Review (due in 7 months)
  ☐ Collect customer feedback ☐ Analyze product performance in the market
• Product Adjustments (due in 8 months)
  ☐ Make necessary product adjustments based on feedback
• Sales Monitoring (due in 9 months)
  ☐ Monitor product sales ☐ Adjust marketing and production strategies as needed
• Product Improvements (due in 10 months)
  ☐ Plan for future product improvements
• Budget Review (due in 11 months)
  ☐ Review project budget ☐ Plan for next fiscal year
• Team Evaluation (due in 12 months)
  ☐ Evaluate team performance ☐ Give feedback and recognition