Management of Product Development (MPD)

Organisation:: HECTOR SCHOOL of Engineering and Management
Ort, Bundesland, Land:: Karlsruhe, Baden-Württemberg, Germany
Typ:: Part-time
Certificate:: M.Sc.
Duration:: 3 Semester/s

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Programme

Participants of the Master Program Management of Product Development (MPD) are able to analyze, design, operate and implement the product development process in their companies in an optimized way by means of acquired research- and application-oriented methods and processes.

Based on an integrated approach to product creation processes, the graduates can successfully implement innovative ideas and innovation into competitive products, whereas they draw a special focus on major criteria like customized product solutions, reduction of production costs as well as optimization of quality standards. Furthermore, they are capable to accompany and further innovation processes by means of creativity techniques.

Finally, due to the increasing performance and competition pressure in product development, graduates can counteract shorter development times and product life cycles with appropriate methods and techniques.

Next official start: March 2013; earlier start possible upon open places and request.

Prof. Dr.-Ing. Dr. hc. A. Albers
Program Director MPD

Target audience

Objective:

The MSc program offers an integrated approach towards product development processes and their management with special consideration of economical aspects.

Only successful product development processes can lead to competitive products. The necessary specific management skills need to comply with increasing demands towards tailor-made product solutions, low production costs and high quality standards. Furthermore reduced development time and shortened product lifecycles require increased power density.

Therefore, successful executives need to possess creativity and learn how to use an integrated approach towards problem solving.

Target Group:

Young professionals (age 27 - 40) identified as high potentials in companies like rating agencies, privat or public banks and also young professionals working in corporate finance departments of consolidated companies.

Exemplary positions of HECTOR students and Alumni:
Project Manager R&D, Manager Product and Process Development, Specialist E/E-Development, Director M-Technology, Software Engineering Coordinator, Teamleader Electronics Development.

Emphases/Curriculum

The program aims to prepare high-potential engineers within the area of product development for their future positions as key decision makers. Participants with mainly technical or engineering backgrounds and their first years of professional experience will enhance their knowledge of product development during the program. The program will cover the entire product lifecycle starting from finding and defining the customers demands for new products, the creation of new ideas up to the introduction of a new product. The courses enable participants to develop an academic level of training and acquire managerial skills that cannot be obtained through experience alone

The program conveys how to:

develop creative ideas and strategic thinking
find and generate new successful products
use virtual reality and simulation in product development processes
assume leadership tasks, create and lead effective product development teams
introduce methods to supervise individual development steps

Management Modules:

Accounting & Controlling
International Project Management
Finance and Marketing
Human Resource Management
Law and Contracts

Engineering Modules:

Simulation, Information and Design
Integrated Product Development
Success Factors in Product Development
Systems and Cases
Workshops and multitechnological systems

Independent Master Thesis

Admission/Entrance requirements

Total fees approx.:	€ 30.000

Admission Requirements: First degree: Bachelor, Diplom (Uni/FH/BA), M.Sc., ... Min. 3 years of relevant work experience with according references TOEFL score with a minimum of 570 points pb, 250 points cb and 88 points Optional: GMAT, GRE or HECTOR School Assessment Recommended background studies: Business or politial economics, Information Engineering/Technologies, Natural Sciences (Mathematics, Physics, etc.)

Languages
Language(s) of instruction:	English
Going abroad:	possible

Information material

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I want: Master Program Information MANAGEMENT OF PRODUCT DEVELOPMENT

Information HECTOR School of Engineering and Management in general

Miscellaneous:

Organisation

The HECTOR School of Engineering and Management, named after Dr. h. c. Hans-Werner Hector, the co-founder of the software company SAP, is the Technology Business School of the Karlsruhe Institute of Technology (KIT).

The HECTOR School concept and the related programs were designed in strong cooperation with the industry board of the ID in 2004. This cooperation has contributed significantly towards the creation of six advanced executive degree programs offered at the HECTOR School.

Our degree programs are tailored to the needs of the employees of expanding companies which are facing the challenges of competition and globalization. The ability to ensure that businesses are cutting-edge and capable of the rapid adaptability of processes is the most crucial challenge for companies today and the responsibility of their well-trained professionals. In order to be a successful manager in this environment it is essential to possess a profound understanding of technological intricacies, their implementation within complex organizations and a deep economical awareness of interdependencies in distributed networks.

This necessary professional and methodological training is covered by our innovative degree programs at the HECTOR School designed for future Executives.

Study in Karlsruhe

Beauty and high technology

Today 270 000 people live in Karlsruhe the centre of the renowned “Technologieregion”, comprising one of the most dynamic high-tech areas in Europe. The local economy is based on a well-developed structure of mid-sized businesses, particularly in forward-reaching technologies like computer science, multimedia, control systems, energy technology and environmental science as well as nanotechnology. Several major companies such as Bosch, Siemens, DaimlerChrysler and Michelin have production facilities in the region. Major research and development institutions such the Karlsruhe Research Center for Technology and the Environment are part of the reason why the innovative potential of this city and region are well known world wide. A critical cornerstone is formed by the University and six other Karlsruhe institutions of higher education.

The city has also served as the home of justice in Germany for over 50 years. In 1950 the Federal Supreme Court began its work here as the highest authority in civil and criminal proceedings in Germany.

High Tech and High Life come together at the internationally recognized Center for Art and Media (ZKM), which is located in a historic industrial building and provides a unique museum of modern media.