Product Development Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
There are 5 names in this directory beginning with the letter T.
Team
Small number of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable. Characteristics of high-performing teams include: a shared, elevating vision or goal, a sense of team identity, a results-driven structure, competent team members, a commitment to the team, mutual trust, interdependence among team members, effective communication, a sense of autonomy, a sense of empowerment, small team size, and a high level of enjoyment.
Time to Marketing
1. Cycle time of product development from conception of a new product to initial sale of the new product. 2. Dimension of strategy focused on getting products to market quickly as the basis of competition.
Tolerance
Upper and lower limits of some dimension or parameter relating to a component part, material or assembly which an actual item must comply with in order for it to be acceptable in procurement or manufacturing. The difference between the upper and lower tolerance is the tolerance spread.
Top-Down Design
Design methodology whereby an entire design is decomposed into its major components, and then these components are further decomposed into their major components, etc. The constraints are established early in the design flow, and then are passed on and adhered to by the back-end processes.
Trade Secret
In contrast to getting a patent on an invention, the inventor or firm can simply attempt to keep secret the new aspect of the product.