Study on the Policy of Renewing Product Testing Equipment to Enhance Competitiveness

Abstract

The paper aims to analyze the need for change management strategy development in case of an organization wishing to replace its existing test equipment (software products) with newer and more advanced products. This has a positive impact both from the financial perspective and in terms of quality improvement of the product if the change situation is analyzed in the context of a related investment project implementation. With the increasing level of product complexity, there is a growing likelihood that these software products contain defects or errors, affecting customer satisfaction. The repairment cost of the product increases exponentially and in direct proportion to their lifecycle, from the development stage to the mass production phase. Therefore, our approach proposes to increase products (hardware and software testing equipment) quality by investing more in their performance which will positively impact the testing processes. The efficiency of the economic indicators calculation associated with the presented methodology will underline these issues.