New product development process

Six Sigma advocates a 5 stage process for new product development. The complete NPD process includes the following stages:

1. Concept Study. This is done to uncover unknowns about the market and technology.
2. Feasibility investigations are done to determine the limitations of the concept.
3. Development of new product includes specifications, needs of customer, study of target markets etc.
4. Maintenance activities following delivery.
5. Continous learning through status reports and evaluation.