Prepare risk assessment report

IBM 120 Product & Service Development
Fall 2020 Research Project

Your project proposal should include:
•A brief, descriptive project title
•Your name, email address and student ID
•A mission statement for your product or service – your mission statement should be

included in each assignment submitted. If you decide to change your mission statement,

•This assignment is about the problem you are looking to address, please refrain from

submitting proposals for solutions at this point.

020

Concept Development
•Background information of the market
•Describe some of the steps of your concept generation and target specification processes

Analyzing the Market
•Background information of the market
•Contemporary trends
•Analysis of consumer behavior

Prepare a risk assessment report, 2-4 pages in length.

Product Development
•Perform a preliminary patent review for any prior art and related ideas. Briefly describe

competitive in the market

020

•Identify four classmates that will test the viability of your product. Connect with them on

Microsoft Teams or Blackboard.

•As the name suggests, a reflective report is a piece of writing that summarizes a student’s critical reflection on a subject. You should highlight your experience and provide a critical analysis of your achievements. Focus on the following points:
oWhat were the project goals and how did you attempt to achieve them?

oWhat did you learn? Connect theoretical knowledge from your course to the practical work you undertook.

Scheduled via Microsoft Teams – Weeks of December 7 – December 18

Prepare a 5-minute presentation to be presented live via a pre-scheduled time slot on Microsoft

demonstrating the existing competitive products.

• Convincing arguments why your classmates should invest in your product proposal.