Maintenance plans Innovation Paper our paper will include information from the following stages and gates: Stage 0 – Idea Discovery Explain the following

Maintenance plans Innovation Paper our paper will include information from the following stages and gates:

Stage 0 – Idea Discovery

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Explain the following:

What problems exist that can be addressed by this venture?
Will solving this problem make the world a better place?
What needs would drive development of a solution for this problem?
Gate 1
Provide a problem statement definition
Criteria to defend moving forward
Stage 1 – Scoping

Explain the following:

Customers
Who are the customers?
What are their shared needs?
What demographic attributes do they share?
Why do they need a solution?
Solution
What is the solution? – Service or Good?
WIIFTC?
What is unique about the solution?
How will it benefit the world?
Value proposition
Who else is addressing the problem?
Gate 2

Provide a summary of why the customer profile and solution definition offer market attractiveness and the rationale to move forward

Stage 2 – Build the Business Case

Explain the following:

TELOS Feasibility analysis
Customer feasibility
Capability assessment
Timing (How long will develop and market launch take and what are the key stages?)
Financial (How many customers exist, how many will buy from us, what will the average sale be, what is the average cost of that sale, and what is the expected return?)
Market conditions
Gate 3

Provide a summary of the feasibility and capability assessment and rationale for moving forward.

Stage 3 – Development

Provide the following:

Product Description
Place or Distribution Plan
Promotion and Sales Plan
Price Strategy
Financial Assessment
Pro Forma Budget
Income Statement
Balance Sheet
Capital Requirements
Desired Sources of Capital
Gate 4
Summarize why the project will result in net customer value.
Provide rationale for moving to enterprise development and seeking additional capital resources.
DELIVERABLE

Compile your Project Stage Gate Profile in a paper that is no longer than 10 pages. Submit as directed by your facilitator.

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