Product development is a very stringent process that requires steps to be followed in order to deliver quality products to end users. Here are the steps that must be followed for Software Product Development Lifecycle. http://www.greymatterindia.com/

1. Steps for Software Product
Development Lifecycle

2. Proof of concept : Product conceptualization begins with understanding the goal of the
product. If you are an innovative thinker with a great idea for marketing a product or a service,
we stand at ready with an experienced hand to guide you through the business and technical
aspects of the project.
Product conceptualization

3. Product analysis
Requirements specification : Designers and manufacturers use product analysis
to help them develop ideas for new or improved products and to analyse the work of
other designers. Quality assurance is a system of checks and inspections to ensure
high standards throughout design and manufacture.

4. Product Design
Product design is the process of creating a new product to be sold by a business to its customers.
A very broad concept, it is essentially the efficient and effective generation and development of
ideas through a process that leads to new products.

5. Product Development
The creation of product with new or different characteristics that offer new or additional benefits
to the customer Product development may involve modification of an existing product or its
presentation or formulation of an entirely new product that satisfies a newly defined customer
want or market

6. Product Testing & QA
Product testing is a strategy to increase consumer protection by checking the claims made during marketing
strategies such as advertising, which by their nature are in the interest of the entity distributing the service and
not necessarily in the interest of the consumer.

7. Product Release
A product release is the process of launching a new product for a specific market or user
base. In software development, a product release is sometimes done with a beta version so
that core developers/users can assist with debugging and feedback prior to the release of the
actual software.

8. Product lifecycle management
Product development is a very stringent process that requires steps to be followed in order to
deliver quality products to end users. Here are the steps that must be followed for Software
Product Development Lifecycle.