In this course, five important aspects of new product management are taught: 1. opportunity identification and selection, 2. concept generation, 3. concept/project evaluation, 4. development, and 5. launch. Furthermore, three important aspects of project management are taught: 1. basic core of knowledge needed in project management for the entire project life cycle, 2. supporting functions for the entire project life cycle, and 3. hard core of project management in different phases of project life cycle.