12. CTO FORM (cont.) VO Formalization Business Plan • To understand Business Opportunities (BO) • Share information about market trends • Historical data on past sales • Demographics and geographical regions • Overall industrial trends • Definition of the contractual and NDA conditions • Definition of the overall negotiations rules among the partners • General terms and conditions for entering a VO • Definition of the Product platform • Platform can be feature or component based • Product platform strategy • Modular product platform • Process platform • Consider the platform complexity • Forecasting capability of demands • Estimation of production cost • Develop cost model • Sharing risks and revenues • Partner selection • Final approval from the customer • Final order (quantity, delivery time, etc) • Preparation of final quotation • Evaluation of performance of the VO Product Platform Definition Contractual and ND Agreement Analyze Market Needs