Regulatory Product Approval
This workflow template illustrates the end-to-end process of regulatory approval for new products, including compliance-related requirements gathering, internal testing (against requirements), external testing and final product approval/denial of the product by regulatory officials. Purchase and download this template in PDF and Visio (VSD) formats. You can customize it to fit your own organization, or simply use it to better understand the Regulatory Product Approval process.
Related KPIs : Cycle Time: Time to Market, Market Potential, New Product Kill Rate, New Product Profits as a Percentage of Total Profits, Percentage of New Products Launched on Schedule, Percentage of New Products On Budget
What is Regulatory Product Approval?
The Regulatory Product Approval process involves coordination between product development staff, compliance and product testing team members and regulatory agencies to gain approval on a new product. The first step in this process is to define, confirm and document all regulatory requirements to prepare for internal testing. Once the product has been thoroughly tested by internal teams, it is prepared for submission to the appropriate regulatory agencies. If the product is approved by the regulators, preparation for full-scale manufacturing/production begins.
Download a Sample Regulatory Product Approval
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New Product Development
This workflow template illustrates the development and testing of new products, including concept development, market analysis, initial stage gate approval, prototype development and prototy...
Type : Workflow Template
Process Participants : Product Development Staff, Research & Development Staff, Product Managers, Engineering & Design Staff, Market Research & Analysis Staff, Line of Business (LoB) Executives