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Product development template

Product development template

The product development template helps you map out the entire lifecycle of your product, from initial concept to launch.

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Product development template

The product development template helps you map out the entire lifecycle of your product, from initial concept to launch.

Use this template with Lumiform

  • Customize this template or build your own
  • Fill out templates via mobile app
  • Get reports and analyse your data
Prices start from ░░░ per month
Book a demo
Learn more
or Download template as PDF

The product development template takes your team through a methodical approach to bringing new products to market. From initial concept to post-launch review, it establishes clear ownership and accountability at every stage.

According to a Protolabs survey, time constraints—more than costs—represent the biggest challenge across all development phases. This template addresses this pain point by breaking down the complex process into manageable phases with defined milestones and responsible parties. It aids you in avoiding the common pitfalls of scope creep and missed deadlines so your team stays aligned throughout.

Related categories

  • Operational excellence templates
  • General templates
  • Manufacturing templates
  • Templates for business processes
Preview of the template
Entity
Idea Generation
Product Concept
Key Features
Target Audience
Competitive Landscape
Planning
Project Roadmap
Milestones
Dependencies
Budget
Development
Development Tasks
Responsible Parties
Progress Tracking
Quality Assurance
Launch
Marketing Plan
Sales Strategy
Customer Support
Post-Launch Review

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Access a complete set of resources aimed at maximizing safety, quality, and operational excellence, including detailed guides, related templates, and real-world use cases.

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Frequently asked questions

How can I adapt this product development template for different team sizes?

Your template can scale by adjusting responsibility assignments and milestone frequency. For smaller teams, combine related roles and focus on fewer, more significant milestones. For larger teams, expand the responsible parties section to include specialized roles and create more granular tracking points to maintain visibility across larger groups.

What’s a good way to handle unexpected delays using this product development template?

When delays occur, immediately update the dependencies section to show downstream impacts. Hold a brief meeting to reassess priorities and adjust the project roadmap. Document the cause of delay and mitigation plan in the progress tracking section to maintain accountability and prevent similar issues in future development cycles.

What metrics should I track in the progress section of this product development template?

Focus on completion percentages for development tasks, time variance from planned milestones, and quality indicators from testing. Avoid tracking too many metrics—prioritize 3-5 key performance indicators that directly impact your critical path and product quality. Update these metrics consistently to maintain an accurate project health assessment.

How can I ensure effective handoffs between different phases in this product development template?

Create clear transition criteria between each major phase. Document what “done” looks like for each milestone, who needs to approve the transition, and what materials must be prepared for the next team. Schedule brief handoff meetings where the completing team reviews progress and answers questions from the receiving team.


This template, developed by Lumiform employees, serves as a starting point for businesses using the Lumiform platform and is intended as a hypothetical example only. It does not replace professional advice. Companies should consult qualified professionals to assess the suitability and legality of using this template in their specific workplace or jurisdiction. Lumiform is not liable for any errors or omissions in this template or for any actions taken based on its content.
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