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Product analysis

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Product analysis involves examining product features, costs, availability, quality, appearance and other aspects. Product analysis is conducted by potential buyers, by product managers attempting to understand competitors and by third party reviewers.[1][2]

Product analysis can also be used as part of product design to convert a high-level product description into project deliverables and requirements. It involves all facts of the product, its purpose, its operation, and its characteristics.

Techniques

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Related techniques include product breakdown, systems analysis, systems engineering, value engineering, value analysis and functional analysis.[3]

  • Product breakdown: Recursively divide the product into components and subcomponents.
  • Systems engineering: Ensure that the product satisfies customer needs, cost requirements, and quality demands.
  • Value engineering: Consider alternative designs and construction techniques to reduce cost/increase profit.
  • Value analysis: Assess the cost/quality ratio to ensure that the product is cost effective.
  • Function analysis: Ensure that the product has features appropriate to customer requirements.

Technology analysis

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See also: Strategic intelligence, Situational awareness, Innovation management, and Category:Technological comparisons

Technological analysis is sometimes applied in decision-making often related to investments, policy-decisions[4] and public spending. They can be done by a variety of organization-types such as for-profit companies,[5] non-profit think tanks, research institutes, public platforms and government agencies[6] and evaluate established, emerging and potential future technologies on a variety of measures and metrics – all of which are related to ideals and goals such as minimal global greenhouse gas emissions – such as life-cycle-sustainability, openness, performance, control,[7] financial costs, resource costs, health impacts and more. Results are sometimes published as public reports or as scientific peer-reviewed studies.[additional citation(s) needed] Based on such reports standardization can enable interventions or efforts which balance competition and cooperation[8] and improve sustainability, reduce waste and redundancy,[9] or accelerate innovation. They can also be used for the creation of standardized system designs that integrate a variety of technologies as their components.[10] Other applications include risk assessment and research of defense applications.[11] They can also be used or created for determining the hypothetical or existing optimal solution/s[7] and to identify challenges, innovation directions and applications.[12] Technological analysis can encompass or overlap with analysis of infrastructures and non-technological products.

Standard-setting organizations can "spearhead convergence around standards".[13] A study found that, in many cases, greater variety of standards can lead to higher innovativeness only in administration.[14] Tools of technology analysis include analytical frameworks that describe the individual technological artefacts, chart technological limits, and determine the socio-technical preference profile.[15] Governments can coordinate or resolve conflicting interests in standardisation.[16]

Moreover, potentials-assessment studies, including potential analyses, can investigate potentials, trade-offs, requirements and complications of existing, hypothetical and novel variants of technologies and inform the development of design-criteria and -parameters and deployment-strategies.[17][18][19][20]

See also

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References

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  1. ^ "Product Analysis".
  2. ^ "Product Analysis".
  3. ^ "Diploma in Project Management - How to Define a Product Analysis". lmit.edu.au. Retrieved 2017-05-08.
  4. ^ Cagnin, Cristiano; Keenan, Michael; Johnston, Ron; Scapolo, Fabiana; Barré, Rémi, eds. (2008). Future-Oriented Technology Analysis. doi:10.1007/978-3-540-68811-2. ISBN 978-3-540-68809-9.
  5. ^ "Gigafactories: Europe tools up against US and Asia as a car battery force". BBC News. 14 June 2021. Retrieved 27 October 2021.
  6. ^ Weinberger, Nora; Decker, Michael; Fleischer, Torsten; Schippl, Jens (December 2013). "A new monitoring process of future topics for innovation and technological analysis: informing Germanys' innovation policy". European Journal of Futures Research. 1 (1): 1–9. doi:10.1007/s40309-013-0023-4. ISSN 2195-2248. S2CID 11912338.
  7. ^ a b Jakubaszek, Anita; Stadnik, Artur (1 March 2018). "Technical and Technological Analysis of Individual Wastewater Treatment Systems". Civil and Environmental Engineering Reports. 28 (1): 87–99. Bibcode:2018CEER...28a..87J. doi:10.2478/ceer-2018-0008. S2CID 54578649.
  8. ^ Van Wegberg, Marc (1 December 2004). "Standardization Process of Systems Technologies: Creating a Balance between Competition and Cooperation". Technology Analysis & Strategic Management. 16 (4): 457–478. doi:10.1080/0953732042000295784. ISSN 0953-7325. S2CID 219645198.
  9. ^ "One common charging solution for all". Internal Market, Industry, Entrepreneurship and SMEs - European Commission. 5 July 2016. Retrieved 19 October 2021.
  10. ^ Zhou, Hong; Liu, BingWu; Dong, PingPing (2012). "The Technology System Framework of the Internet of Things and Its Application Research in Agriculture". Computer and Computing Technologies in Agriculture V. IFIP Advances in Information and Communication Technology. Vol. 368. Springer. pp. 293–300. doi:10.1007/978-3-642-27281-3_35. ISBN 978-3-642-27280-6.
  11. ^ Affan Ahmed, Syed; Mohsin, Mujahid; Zubair Ali, Syed Muhammad (1 April 2021). "Survey and technological analysis of laser and its defense applications". Defence Technology. 17 (2): 583–592. doi:10.1016/j.dt.2020.02.012. ISSN 2214-9147. S2CID 213597813.
  12. ^ Monika, R.; Samiappan, Dhanalakshmi; Kumar, R. (1 January 2021). "Adaptive block compressed sensing - a technological analysis and survey on challenges, innovation directions and applications". Multimedia Tools and Applications. 80 (3): 4751–4768. doi:10.1007/s11042-020-09932-0. ISSN 1573-7721. S2CID 224993325.
  13. ^ Narayanan, Vadake; Baburaj, Yamuna (31 August 2021). "Technology Standardization in Innovation Management". Oxford Research Encyclopedia of Business and Management. doi:10.1093/acrefore/9780190224851.013.340. ISBN 978-0-19-022485-1.
  14. ^ Zhou, Xin; Shan, Miyuan; Li, Jian (3 July 2018). "R&D strategy and innovation performance: the role of standardization". Technology Analysis & Strategic Management. 30 (7): 778–792. doi:10.1080/09537325.2017.1378319. ISSN 0953-7325. S2CID 205638231.
  15. ^ Wyk, Rias J. Van (1990). "Technology analysis and R&D management". R&D Management. 20 (3): 257–261. doi:10.1111/j.1467-9310.1990.tb00715.x. ISSN 1467-9310.
  16. ^ Kwak, Jooyoung; Lee, Heejin; Fomin, Vladislav V. (1 August 2011). "Government coordination of conflicting interests in standardisation: case studies of indigenous ICT standards in China and South Korea". Technology Analysis & Strategic Management. 23 (7): 789–806. doi:10.1080/09537325.2011.592285. ISSN 0953-7325. S2CID 42482650.
  17. ^ Yirka, Bob. "Model suggests a billion people could get safe drinking water from hypothetical harvesting device". Tech Xplore. Retrieved 15 November 2021.
  18. ^ Surinaidu, L.; Rahman, Abdur; Ahmed, Shakeel (3 June 2021). "Distributed groundwater recharge potentials assessment based on GIS model and its dynamics in the crystalline rocks of South India". Scientific Reports. 11 (1): 11772. Bibcode:2021NatSR..1111772F. doi:10.1038/s41598-021-90898-w. ISSN 2045-2322. PMC 8175507. PMID 34083557.
  19. ^ Brahmi, Nabiha; Chaabene, Maher (March 2015). "Sizing optimization tool for wind/Photovoltaic/Battery plant considering potentials assessment and load profile". IREC2015 the Sixth International Renewable Energy Congress. pp. 1–6. doi:10.1109/IREC.2015.7110962. ISBN 978-1-4799-7947-9. S2CID 37130046.
  20. ^ Ermolenko, Boris V.; Ermolenko, Georgy V.; Fetisova, Yulia A.; Proskuryakova, Liliana N. (15 October 2017). "Wind and solar PV technical potentials: Measurement methodology and assessments for Russia". Energy. 137: 1001–1012. doi:10.1016/j.energy.2017.02.050. ISSN 0360-5442.
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