Management of Product Development (MSc, Executive) at HECTOR School

The MSc in Management of Product Development is for professionals who are interested in agile engineering of mechatronic systems and design thinking, innovation management, multicultural and virtual teams, collaboration methods and interdisciplinary development, and advanced systems engineering. Product development is the process of entirely planning and prototyping novel technical systems. It ranges from finding the product profile to creating a concept, designing, making prototypes, testing and validating. The actual manufacturing phase follows subsequently and is the second and final stage of the product creation process. Thus, product development is certainly one of the core means of adding value into companies and is crucial for their success through innovation. Creativity and performance potential define the success of product development. Participants of the Master's programme in Management of Product Development are able to analyse, design, operate and implement the product development process in their companies in an optimised way by means of acquired research and application-oriented methods and processes. Based on an integrated approach to product creation processes, graduates can successfully implement innovative ideas and innovation in competitive products, while drawing a special focus on major criteria such as customised product solutions and the reduction of production costs as well as the optimisation of quality standards. Furthermore, they are capable of implementing creativity techniques to accompany further innovation processes. Additionally, due to increasing performance and competition pressure in product development, graduates can counteract shorter development times and product life cycles with appropriate methods and techniques. Finally, the Management of Product Development Master's programme shares five management modules with the other Master's programmes. This fosters networking across study programmes and provides the participants with general knowledge in finance, accounting, sustainability, marketing, international multi-project management, international law, and human resource management. As a result, they can consider the commercial implications of project decisions and develop a holistic view. Each module has a duration of 10 days.  Engineering Modules (EM)*: EM1: Integrated Product Development by ASD – Agile Systems Design: Mission & Vision in Product Development Integrated Product Development Industrial Design Engineering Data Structures and Algorithms for Intelligent Engineering EM 2: Design & Validation Process and Information Systems for Product Development: Structured Problem-Solving in Mechatronic System Development – SPALTEN Product Development Processes and Activities Patent Strategy in Industry Introduction and Application to SysML Lightweight Design IoT Solutions for Product Lifecycle Management (PLM) EM 3: Simulation and Target Values in Product Development: Methods of Simulation Target Costing Virtual Twins & Immersive Environments Project Work I: Conception EM 4: Validation and Verification in Product Development: Project Work II: Realisation Test-Based Development Systems Engineering Eco-Design Methodology of Sustainability EM 5: Tools and Methods of Product Engineering: Project Work III: 2DR Documentation, Reflection Theory and Practice Quality Management Supplier Management Management Modules (MM)*: MM 1: Marketing & Information: Data Driven Marketing Information Systems Management Data Analytics Legal Aspects of Information MM 2: Finance & Value: Management Accounting Sustainability Strategic Financial Management Case Studies MM 3: Decisions & Risk: Decision Modelling (+ Computer Tutorials) Risk Aware Decisions (+ Case Studies + Finance) Interactive Decisions Robust and Stochastic Optimisation MM 4: Innovation & Projects: Technology Driven Innovation International Intellectual Property Law Project Management Multi-Project Management in an International Setting MM 5: Strateg