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In recognition of the need for vastly improved new product development processes among companies with a number of industrial sectors, examines one company, Ricardo Hitec, and its implementation of concurrent engineering (CE) in a major aerospace project – its process and management, and the technology involved. Discusses the project′s success and the lessons learned therefrom, including the correct level of interdisciplinary communication, decision making and ownership. Concludes that the company has achieved its goal and that the lessons learned and experience gained will prove a considerable enhancement to the company′s competitiveness.

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