Name and describe the major steps in the newproduct developm

Name and describe the major steps in the new-product development process.

The major steps in the new-product development process are breifly explained below in the table:-

Step Number	Step Name	Description of Nature of activity
1	Preliminary Investigation	Determining and evaluating the strategic benefits of the proposed product and ensure that the solution fits the business strategy. It also includes cost-benefit analysis of new-product.
2.	Product requirements analysis	Analyzing the type of the product on the basis of users requirements
3.	Product Design	Designing the product in terms of rich quality and other utility functions on the basis of the requirement phase by developing flowcharts, data flow diagrams, reports screen etc.
4.	Product development/ Programming	Programming the product as designed and conduct continuous testing of the new product
5.	Product testing	Various kinds of testing is conducted before newly developed product is introduced in the market
6.	Post review and Maintenance	Periodic review of the newly developed product on time to time and post maintenance.