# Product analysis

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Examining product features, costs, availability, quality, appearance and other aspects

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**Product analysis** involves examining product features, costs, availability, quality, appearance and other aspects. Product analysis is conducted by potential buyers, by product managers attempting to understand competitors and by third party reviewers.[1][2]

Product analysis can also be used as part of product design to convert a high-level product description into project deliverables and requirements. It involves all facts of the product, its purpose, its operation, and its characteristics.

## Techniques

Related techniques include product breakdown, systems analysis, systems engineering, value engineering, value analysis and functional analysis.[3]

- Product breakdown: Recursively divide the product into components and subcomponents.

- Systems engineering: Ensure that the product satisfies customer needs, cost requirements, and quality demands.

- Value engineering: Consider alternative designs and construction techniques to reduce cost/increase profit.

- Value analysis: Assess the cost/quality ratio to ensure that the product is cost effective.

- Function analysis: Ensure that the product has features appropriate to customer requirements.

## Technology analysis

See also: [Strategic intelligence](/source/Strategic_intelligence), [Situational awareness](/source/Situational_awareness), [Innovation management](/source/Innovation_management), and [Category:Technological comparisons](https://en.wikipedia.org/wiki/Category:Technological_comparisons)

Technological analysis is sometimes applied in decision-making often related to investments, policy-decisions[4] and public spending. They can be done by a variety of organization-types such as for-profit companies,[5] non-profit [think tanks](/source/Think_tank), [research institutes](/source/Research_institute), public platforms and government agencies[6] and evaluate established, emerging and potential future technologies on a variety of measures and metrics – all of which are related to ideals and goals such as minimal global greenhouse gas emissions – such as [life-cycle](/source/Life-cycle_assessment)-[sustainability](/source/Sustainability), [openness](/source/Open_source), [performance](/source/Performance_measurement), control,[7] financial costs, resource costs, health impacts and more. Results are sometimes published as public reports or as [scientific](/source/Science) peer-reviewed studies.[*[additional citation(s) needed](https://en.wikipedia.org/wiki/Wikipedia:Citation_needed)*] Based on such reports [standardization](/source/Standardization) can enable interventions or efforts which balance competition and cooperation[8] and improve sustainability, reduce waste and redundancy,[9] or accelerate innovation. They can also be used for the creation of standardized system designs that integrate a variety of technologies as their components.[10] Other applications include [risk assessment](/source/Risk_assessment) and research of defense applications.[11] They can also be used or created for determining the hypothetical or existing [optimal](/source/Optimum) solution/s[7] and to identify challenges, innovation directions and applications.[12] Technological analysis can encompass or overlap with analysis of infrastructures and non-technological products.

Standard-setting organizations can "spearhead convergence around standards".[13] A study found that, in many cases, greater variety of standards can lead to higher innovativeness only in administration.[14] Tools of technology analysis include analytical frameworks that describe the individual technological artefacts, chart technological limits, and determine the socio-technical preference profile.[15] Governments can coordinate or resolve conflicting interests in standardisation.[16]

Moreover, potentials-assessment studies, including [potential analyses](/source/Potential_analysis), can investigate potentials, trade-offs, requirements and complications of existing, hypothetical and novel variants of technologies and inform the development of [design](/source/Design)-criteria and -parameters and deployment-strategies.[17][18][19][20]

## See also

- [Product information](/source/Product_information)

- [Quality function deployment](/source/Quality_function_deployment)

- [Requirements analysis](/source/Requirements_analysis)

- [Value engineering](/source/Value_engineering)

## References

1. **[^](#cite_ref-1)** ["Product Analysis"](http://www-materials.eng.cam.ac.uk/mpsite/tutorial/non_IE/prodanal.html).

1. **[^](#cite_ref-2)** ["Product Analysis"](http://www.technologystudent.com/prddes1/prdanl1.html).

1. **[^](#cite_ref-3)** ["Diploma in Project Management - How to Define a Product Analysis"](http://lmit.edu.au/blog/diploma-project-management-define-product-analysis/). *lmit.edu.au*. Retrieved 2017-05-08.

1. **[^](#cite_ref-4)** Cagnin, Cristiano; Keenan, Michael; Johnston, Ron; Scapolo, Fabiana; Barré, Rémi, eds. (2008). *Future-Oriented Technology Analysis*. [doi](/source/Doi_(identifier)):[10.1007/978-3-540-68811-2](https://doi.org/10.1007%2F978-3-540-68811-2). [ISBN](/source/ISBN_(identifier)) [978-3-540-68809-9](https://en.wikipedia.org/wiki/Special:BookSources/978-3-540-68809-9).

1. **[^](#cite_ref-5)** ["Gigafactories: Europe tools up against US and Asia as a car battery force"](https://www.bbc.com/news/business-57382472). *BBC News*. 14 June 2021. Retrieved 27 October 2021.

1. **[^](#cite_ref-6)** Weinberger, Nora; Decker, Michael; Fleischer, Torsten; Schippl, Jens (December 2013). ["A new monitoring process of future topics for innovation and technological analysis: informing Germanys' innovation policy"](https://doi.org/10.1007%2Fs40309-013-0023-4). *European Journal of Futures Research*. **1** (1): 1–9. [doi](/source/Doi_(identifier)):[10.1007/s40309-013-0023-4](https://doi.org/10.1007%2Fs40309-013-0023-4). [ISSN](/source/ISSN_(identifier)) [2195-2248](https://search.worldcat.org/issn/2195-2248). [S2CID](/source/S2CID_(identifier)) [11912338](https://api.semanticscholar.org/CorpusID:11912338).

1. ^ [***a***](#cite_ref-10.2478/ceer-2018-0008_7-0) [***b***](#cite_ref-10.2478/ceer-2018-0008_7-1) Jakubaszek, Anita; Stadnik, Artur (1 March 2018). ["Technical and Technological Analysis of Individual Wastewater Treatment Systems"](https://doi.org/10.2478%2Fceer-2018-0008). *Civil and Environmental Engineering Reports*. **28** (1): 87–99. [Bibcode](/source/Bibcode_(identifier)):[2018CEER...28a..87J](https://ui.adsabs.harvard.edu/abs/2018CEER...28a..87J). [doi](/source/Doi_(identifier)):[10.2478/ceer-2018-0008](https://doi.org/10.2478%2Fceer-2018-0008). [S2CID](/source/S2CID_(identifier)) [54578649](https://api.semanticscholar.org/CorpusID:54578649).

1. **[^](#cite_ref-8)** Van Wegberg, Marc (1 December 2004). ["Standardization Process of Systems Technologies: Creating a Balance between Competition and Cooperation"](https://cris.maastrichtuniversity.nl/en/publications/3e34ae73-288e-462f-bd35-cac4667f7b19). *Technology Analysis & Strategic Management*. **16** (4): 457–478. [doi](/source/Doi_(identifier)):[10.1080/0953732042000295784](https://doi.org/10.1080%2F0953732042000295784). [ISSN](/source/ISSN_(identifier)) [0953-7325](https://search.worldcat.org/issn/0953-7325). [S2CID](/source/S2CID_(identifier)) [219645198](https://api.semanticscholar.org/CorpusID:219645198).

1. **[^](#cite_ref-9)** ["One common charging solution for all"](https://ec.europa.eu/growth/sectors/electrical-engineering/red-directive/common-charger_en). *Internal Market, Industry, Entrepreneurship and SMEs - European Commission*. 5 July 2016. Retrieved 19 October 2021.

1. **[^](#cite_ref-10)** Zhou, Hong; Liu, BingWu; Dong, PingPing (2012). "The Technology System Framework of the Internet of Things and Its Application Research in Agriculture". *Computer and Computing Technologies in Agriculture V*. IFIP Advances in Information and Communication Technology. Vol. 368. Springer. pp. 293–300. [doi](/source/Doi_(identifier)):[10.1007/978-3-642-27281-3_35](https://doi.org/10.1007%2F978-3-642-27281-3_35). [ISBN](/source/ISBN_(identifier)) [978-3-642-27280-6](https://en.wikipedia.org/wiki/Special:BookSources/978-3-642-27280-6).

1. **[^](#cite_ref-11)** Affan Ahmed, Syed; Mohsin, Mujahid; Zubair Ali, Syed Muhammad (1 April 2021). ["Survey and technological analysis of laser and its defense applications"](https://doi.org/10.1016%2Fj.dt.2020.02.012). *Defence Technology*. **17** (2): 583–592. [doi](/source/Doi_(identifier)):[10.1016/j.dt.2020.02.012](https://doi.org/10.1016%2Fj.dt.2020.02.012). [ISSN](/source/ISSN_(identifier)) [2214-9147](https://search.worldcat.org/issn/2214-9147). [S2CID](/source/S2CID_(identifier)) [213597813](https://api.semanticscholar.org/CorpusID:213597813).

1. **[^](#cite_ref-12)** Monika, R.; Samiappan, Dhanalakshmi; Kumar, R. (1 January 2021). "Adaptive block compressed sensing - a technological analysis and survey on challenges, innovation directions and applications". *Multimedia Tools and Applications*. **80** (3): 4751–4768. [doi](/source/Doi_(identifier)):[10.1007/s11042-020-09932-0](https://doi.org/10.1007%2Fs11042-020-09932-0). [ISSN](/source/ISSN_(identifier)) [1573-7721](https://search.worldcat.org/issn/1573-7721). [S2CID](/source/S2CID_(identifier)) [224993325](https://api.semanticscholar.org/CorpusID:224993325).

1. **[^](#cite_ref-13)** Narayanan, Vadake; Baburaj, Yamuna (31 August 2021). "Technology Standardization in Innovation Management". *Oxford Research Encyclopedia of Business and Management*. [doi](/source/Doi_(identifier)):[10.1093/acrefore/9780190224851.013.340](https://doi.org/10.1093%2Facrefore%2F9780190224851.013.340). [ISBN](/source/ISBN_(identifier)) [978-0-19-022485-1](https://en.wikipedia.org/wiki/Special:BookSources/978-0-19-022485-1).

1. **[^](#cite_ref-14)** Zhou, Xin; Shan, Miyuan; Li, Jian (3 July 2018). "R&D strategy and innovation performance: the role of standardization". *Technology Analysis & Strategic Management*. **30** (7): 778–792. [doi](/source/Doi_(identifier)):[10.1080/09537325.2017.1378319](https://doi.org/10.1080%2F09537325.2017.1378319). [ISSN](/source/ISSN_(identifier)) [0953-7325](https://search.worldcat.org/issn/0953-7325). [S2CID](/source/S2CID_(identifier)) [205638231](https://api.semanticscholar.org/CorpusID:205638231).

1. **[^](#cite_ref-15)** Wyk, Rias J. Van (1990). "Technology analysis and R&D management". *R&D Management*. **20** (3): 257–261. [doi](/source/Doi_(identifier)):[10.1111/j.1467-9310.1990.tb00715.x](https://doi.org/10.1111%2Fj.1467-9310.1990.tb00715.x). [ISSN](/source/ISSN_(identifier)) [1467-9310](https://search.worldcat.org/issn/1467-9310).

1. **[^](#cite_ref-16)** Kwak, Jooyoung; Lee, Heejin; Fomin, Vladislav V. (1 August 2011). "Government coordination of conflicting interests in standardisation: case studies of indigenous ICT standards in China and South Korea". *Technology Analysis & Strategic Management*. **23** (7): 789–806. [doi](/source/Doi_(identifier)):[10.1080/09537325.2011.592285](https://doi.org/10.1080%2F09537325.2011.592285). [ISSN](/source/ISSN_(identifier)) [0953-7325](https://search.worldcat.org/issn/0953-7325). [S2CID](/source/S2CID_(identifier)) [42482650](https://api.semanticscholar.org/CorpusID:42482650).

1. **[^](#cite_ref-17)** Yirka, Bob. ["Model suggests a billion people could get safe drinking water from hypothetical harvesting device"](https://techxplore.com/news/2021-10-billion-people-safe-hypothetical-harvesting.html). *Tech Xplore*. Retrieved 15 November 2021.

1. **[^](#cite_ref-18)** Surinaidu, L.; Rahman, Abdur; Ahmed, Shakeel (3 June 2021). ["Distributed groundwater recharge potentials assessment based on GIS model and its dynamics in the crystalline rocks of South India"](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8175507). *Scientific Reports*. **11** (1): 11772. [Bibcode](/source/Bibcode_(identifier)):[2021NatSR..1111772F](https://ui.adsabs.harvard.edu/abs/2021NatSR..1111772F). [doi](/source/Doi_(identifier)):[10.1038/s41598-021-90898-w](https://doi.org/10.1038%2Fs41598-021-90898-w). [ISSN](/source/ISSN_(identifier)) [2045-2322](https://search.worldcat.org/issn/2045-2322). [PMC](/source/PMC_(identifier)) [8175507](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8175507). [PMID](/source/PMID_(identifier)) [34083557](https://pubmed.ncbi.nlm.nih.gov/34083557).

1. **[^](#cite_ref-19)** Brahmi, Nabiha; Chaabene, Maher (March 2015). "Sizing optimization tool for wind/Photovoltaic/Battery plant considering potentials assessment and load profile". *IREC2015 the Sixth International Renewable Energy Congress*. pp. 1–6. [doi](/source/Doi_(identifier)):[10.1109/IREC.2015.7110962](https://doi.org/10.1109%2FIREC.2015.7110962). [ISBN](/source/ISBN_(identifier)) [978-1-4799-7947-9](https://en.wikipedia.org/wiki/Special:BookSources/978-1-4799-7947-9). [S2CID](/source/S2CID_(identifier)) [37130046](https://api.semanticscholar.org/CorpusID:37130046).

1. **[^](#cite_ref-20)** Ermolenko, Boris V.; Ermolenko, Georgy V.; Fetisova, Yulia A.; Proskuryakova, Liliana N. (15 October 2017). "Wind and solar PV technical potentials: Measurement methodology and assessments for Russia". *Energy*. **137**: 1001–1012. [doi](/source/Doi_(identifier)):[10.1016/j.energy.2017.02.050](https://doi.org/10.1016%2Fj.energy.2017.02.050). [ISSN](/source/ISSN_(identifier)) [0360-5442](https://search.worldcat.org/issn/0360-5442).

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Adapted from the Wikipedia article [Product analysis](https://en.wikipedia.org/wiki/Product_analysis) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Product_analysis?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.