Unformatted text preview: markets, specialization and expertise needed) 3 Concurrent engineering is a business strategy which replaces the traditional product development phases with one (or at least fewer) in which tasks are done in parallel and there is an early consideration for every aspect of a product's development process. Name a few pros and cons of this approach based on the examples we discussed in class. Pros • reduced time to market • adapt faster to changing environments • more of a ‘‘rugby team’’ (a cross functional team on the project performing activities in parallel). Cons • requires extensive collaboration for individuals, groups, departments, and separate organizations within the firm • continuous improvement and refinement is challenging for complex projects • requires project leaders that have an overall vision of the project and goals • requires a detailed plan early in the process....
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- Fall '10
- Management, Volkswagen, Volkswagen Beetle, Stanley Works