Fridge Device Design

2465 Words10 Pages
AAAA 11111 | FRIDGE DEVICE | | | | | | | Faculty of Engineering and Computer Science Concordia Institute for Information Systems Engineering (CIISE) | | * Supervised by: Contents Supervised by: 2 1 Mission statement 5 1.1 Brief description of the product 5 1.2 Dilemma 5 1.3 Solution 5 1.4 Benefit proposition 6 1.5 Key business goals (time, cost, quality) 6 1.6 Target market(s) for the product 6 1.7 Target price 6 1.8 Stakeholders 6 2 Customer needs list 7 2.1 Collect the needs 7 2.2 Interviews (5 questions, 10 persons) 7 2.3 Gathering customer need procedures 8 2.4 Documenting Customer Interactions 8 2.5 Observations 8 2.6 Organize the needs 9 2.7 Target Specification 9 2.8 House of Quality 10 3 Competitive analysis 11 4 Concept Generation 12 4.1 5-Step Method 12 4.2 Functional decomposition 12 4.3 Search externally 13 4.4 Search internally 13 4.5 Concept classification tree 13 5 Economic analysis/business case 14 5.1 Designing product project Cost 14 5.1.1 Project cost estimate 14 5.1.2 Project cost budgeting 16 5.2 Preliminary costing 18 5.2.1 Rough cost of key components 18 5.2.2 Unit cost 19 5.3 Business Analysis 20 5.3.1 Costs and Benefits 20 5.3.2 Net Present Value calculation 21 6 Conclusion 23 Mission statement Brief description of the product Design a new fridge machine that adds a new level of innovation to its design and benefits by including built-in digital system with LCD touch screen. This product will be called smart fridge as technical and marketing wise. The smart fridge allows customers to employ the LCD touch screen to know the list of stored food, their kind & brand as well as the expiry date of each kind. The customers also have the ability to access a calendar, verify the

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