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| Phase | Objective | Timeline | Key Milestones | Risks | Mitigation Strategies |
|---|---|---|---|---|---|
| Concept | Define product vision | Q1 2023 | Vision Document Drafted | Lack of clarity | Stakeholder workshops |
| Development | Build prototype | Q2 2023 - Q4 2023 | Prototype testing completed | Technical challenges | Frequent testing cycles |
| Validation | User testing | Q1 2024 | User feedback collected | User resistance | Engagement sessions |
| Production | Launch product | Q2 2025 | Product launched | Market competition | Marketing strategy |
| Post-Launch | Measure performance | Q3 2025 | Performance metrics evaluated | Negative feedback | Customer support initiatives |