Innovations Roadmap: Development – Costing in Development

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The Innovations Roadmap is an online program designed to equip senior management executives with the inspiration and skills needed for the successful adoption of innovation. There are 29 modules divided into 3 sections: Front-End, Development, and Commercialization.

Here you gain access to one of the ten modules included in Section Two: Development – Click Here for the Full Innovations Roadmap

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Costing impacts many development areas such as selling technology you are in the process of developing outright to bringing the product to market. Costing is founded on accounting principles.  Tracking the costs related to a project is necessary to make realistic projections for future profitability.  As a project moves from the front end through to the development stage, costing information becomes more detailed and while numbers may not be entirely finalized, they should be coming close to how they will look once the product is in full production.

The Innovations Roadmap is an online program designed to equip senior management executives with the inspiration and skills needed for the successful adoption of innovation. There are 29 modules divided into 3 sections: Front-End, Development, and Commercialization.

Here you gain access to one of the ten modules included in Section Two: Development – Click Here for the Full Innovations Roadmap

Section Two: Development – Module Eleven – Costing in Development Includes:

Learning Objectives

  • Understand the role of costing in the development of an innovation process and ready to go to market, revenue stream, budget related topics.
  • Be able to develop a costing plan at the development stage of an innovation initiative
  • Understand the basic themes and processes involved in managing costing for an innovation initiative.
  • Know the best strategies for managing costing.

Course Outline & Major Topics

  • Introduction
    • Why costing is important at the development stage.
    • Why you need a plan to manage your development stage costing
    • Generally accepted good practices
  • Get Started
    • Challenges with costing at the development stage?
    • Why is costing important?
    • What factors need to be considered?
  • Learn
    • Effective costing plans
    • How to develop a costing plan for an innovation project
    • Frameworks to guide the costing process for commercialization
  • Practice
    • Costing of a new product example
  • Apply
    • New product development checklist template

Who Should Take This Course?

  • Innovators
  • Team Members & Leaders
  • Small Business Owners

*Become a member to receive 20% off