What you’ll learn
- Turning shortlisted ideas into proposals finance will accept
- Validation: CAE, FMEA and test planning
- The business-case maths (savings, one-time cost and payback), with a live builder to practise on
What you’ll produce
By the end of this module you’ll have a costed business case with payback, risks and tests. Free templates:
From the module
From idea to proposal
Champions turn shortlisted ideas into value proposals that can be put into practice. Each one answers five questions: what exactly changes, what it saves (checked by finance), what it costs to bring in (tooling, testing, engineering hours), what could go wrong, and when it happens. With those five answers, an idea becomes a business decision. Without them, it's still a sticky note.
Continue reading in Module 7, or read the related guide: Product cost reduction.