Aipmm cpm exam 2023 2024 - Study guides, Class notes & Summaries

AIPMM- CPM EXAM 2023-2024 QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS) New Product Development (NPD) - 1st half of PMF - Answer complete process of bringing a new product to market. Includes first 4 steps - conceive, plan, develop, qualify. For: 1. new product in new markets 2. new product in existing markets not previously targeted 3. enhance current product in existing product line.

Product Management - ANSWER- process of conceiving, planning, developing, testing, launching, delivery and withdrawing products in the market. PMF - Product Management Framework - ANSWER- Product lifecycle (Product Development + Commercialization) stages plus their phases and gates. PMF Benefits (5) - ANSWER- 1. define common language 2. provides standards for launching a products in each phase 3. allows product teams to develop and communicate mutual product plan commitments 4. empower...