Concurrent Engineering: This is a method utilized in product development. It is distinct than the traditional product development approach in that it uses simultaneous, instead of sequential processes. By finishing tasks in parallel, product development can be accomplished more proficiently and at an extensive cost savings.
Instead of completing all physical manufacturing of a prototype previous to performing any testing, concurrent engineering permits for design and analysis to take place at similar time, and multiple times, previous to real deployment. This multidisciplinary approach emphasizes teamwork via the use of cross-functional teams, and it permits for employees to work collaboratively on each and every aspects of a project from beginning to finish.