Concurrent Engineering A Project Management Approach

In the past decade, organizations have become more aware of the fact that America's most formidable weapon is its manufacturing ability, and yet more and more work seems to be departing for Southeast Asia and the Far East. If America as well as other countries are to remain competitive, then survival into the twenty-first century may depend entirely on the manufacturing of a quality product together with a rapid introduction into the marketplace. Today, companies are under tremendous pressure to rapidly introduce new products into the marketplace because existing product life cycles are becoming shorter. As a result, organizations no longer have the luxury of performing work in series.

Concurrent or simultaneous engineering is an attempt to accomplish work in parallel rather than in series. This requires that marketing, R&D, engineering, and production are all actively involved in the early project phases and making plans even before the product design has been finalized. This concept of current engineering will accelerate product development, but it does come with serious and potentially costly risks, the largest one being the cost of rework.

Today, almost everyone is in agreement that the best way of reducing or minimizing the risks is for the organization to perform better planning than they have ever accomplished in the past. Since project management is one of the best methodologies available to foster better planning, it is little wonder that more and more organizations are accepting project management as a way of life.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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