World Class Manufacturing system consists of ten technical and ten managerial pillars.
These, impacting directly and indirectly on each other, generate the flow of internal processes. Two of the mentioned pillars, Early Product Management (EPM) and Cost Deployment
(CD) play a special role in the system, because they create a future strategic management
of a company influencing design engineering, manufacturing and economy [1, 2]. Referring
to the author’s previous publications on Early Product Management methodology [3, 4], the
role of Cost Deployment pillar in the new product launch remains an important issue. Additionally, there is a noticeable lack of publications in this specific field of the WCM system.
Therefore, a proper understanding of the relationship between these two technical pillars
is the basis for effective project management for the implementation of new products. In
this article, the correlation between EPM and CD will be highlighted whereas some critical
remarks will be indicated. The main part of the article will describe: the current approach to
project management according to the standards set by the WCM system and recommended
improvements originated from EPM and CD pillars. The quality scientific methods used in
this article are based on a case study of internal processes in an international plant specializing in agriculture machinery production and include elements of direct observation and
theoretical analysis and synthesis. This paper refers to the presented issues in practical terms
on the example of the methodology of managing of new launch product projects in terms of
cost management. The purpose of this paper is to draw attention to the problem of the cost
factor generated during the design phase and early implementation of the new product into
production, which will enable effective cost management of new implementation projects.