While Product Consulting lays the foundational strategy for the development of the product or solution, the actual Product Engineering is what manifests these into a tangible, real-world offering. Product engineering starts with ideation and consulting and is a comprehensive function that involves multiple phases that culminates into the single product offering.
The phases of Product Engineering include-
- Concept Architecture
- Methodical Execution
- Product evolution management and Market alignment
- Product Testing
By definition, product re-engineering study, capture and modification of the internal mechanisms or functionality of an existing system or product in order to reconstitute it in a new form with new features, often to take advantage of newly emerged technologies without major change to the inherent functionality or purpose of the system. Product Re-Engineering is predominantly modification of a product to accommodate changes in market trends and align the product to cater to better to the expectations of the market by adding new functionalities or leveraging latest technology platforms.
Successful product re-engineering needs to have multiple considerations beginning with a thorough, in-depth knowledge of the current product and a comprehensive understanding of the proposed re-engineered solution. In addition to this, it is imperative that the integration of the re-engineered solution is seamless and doesn’t have any adverse effects whatsoever on the existing users or the business itself.