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Collaborative product development (collaborative product design) (CPD) is a business strategy, work process and collection of software applications that facilitates different organizations to work together on the development of a product. It is also known as collaborative product definition management (cPDM). [citation needed]
Virtual product development uses collaboration technology to remove the need for co-located teams, which can result in significant cost savings such as a reduction in G&A (general & administrative) overhead costs of consulting firms. Another way to reduce the cost of new product development is through the use of 24-hour development cycles.
This definition does not refer to collaborative product development. This definition only refers to product openness. In the "Open Design Definition v. 0.5", [ 11 ] Manchinelli and colleagues define open design as "a design artifact project whose source documentation is made publicly available so that anyone can study, modify, distribute, make ...
As product development has become more cost and time efficient over the years, elements of concurrent engineering have been present in product development approaches. The elements of concurrent engineering that were utilized were cross-functional teams as well as fast time-to-market and considering manufacturing processes when designing. [ 5 ]
Collaborative product development, in business; The Constitutional Practice and Discipline of the Methodist Church of Great Britain; Construction Products Directive, a repealed EU Directive; Continuing professional development; Danio margaritatus (also known as the Celestial Pearl Danio), a fish native to Southeast Asia; Coober Pedy Airport ...
Open innovation offers several benefits to companies operating on a program of global collaboration: Reduced cost of conducting research and development; Potential for improvement in development productivity; Incorporation of customers early in the development process; Increase in accuracy for market research and customer targeting
The goals and philosophy of the movement are identical to that of the open-source movement, but are implemented for the development of physical products rather than software. [5] Open design is a form of co-creation, where the final product is designed by the users, rather than an external stakeholder such as a private company.
Collaborative Control Theory; Collaborative filtering; Collaborative finance; Collaborative governance; Collaborative information seeking; Collaborative journalism; Collaborative law; Collaborative leadership; Collaborative learning; Collaborative method; Collaborative partnership; Collaborative product development; Collaborative real-time ...