Terms 1
a document that defines a business’s objectives and strategies which usually includes a business summary, market research, and plan for execution
business plan
: a series ofstepsthat engineers or innovators can apply to develop a solution to a problem; for this unit we will use a five-step engineering process or Ask, Imagine, Plan, Create, Improve
engineering design process
one who organizes, manages, and assumes the risks of a business or enterprise
entrepreneur
: the introduction of something new
innovation
something that has been produced for the first time through the use of the imagination or of ingenious thinking and experiment the ability to create something new or the act of develop a new process, product, or service
invention
: the use of imagination or original ideas or an individual’s ability to create
creativity
the activity of gathering information to understand the needs of your customer; this research helps to identify the value of the product that is being offered
market research:
a writing securing for a term of years the right to exclude others from making, using, or selling an invention
patent
a first full-scale and usually functional form of a new design of an invention
prototype
a distinguishable part in a course, development, or cycle
phase
an assessment of if the goals of the project were accomplished
project evaluation
a listing of the project’s timelines, activities, and deliverables
project schedule
a legal document that is used to request proposals for a contract or service
Request for Proposal (RFP)