What Is Product Development? An Effective, 6-Step Process to Follow

Product development is a process that involves creating and building products or software, including tasks such as strategy and roadmapping. It differs from project management, which focuses on managing the execution of projects. The product development process consists of six main stages: research, ideation, validation, planning, developing and launching, and analyzing. Product development is managed by a team that includes product managers, designers, engineers, and other stakeholders. A product development plan outlines the steps, timelines, resources, and processes involved in taking a product from concept to market launch.