Using metrics to monitor concurrent product development

The benefits associated with implementing concurrent engineering mean that more and more companies are looking to use it for their new product introduction process. Previously, methods for monitoring product development have included the use of metrics. “Predictive” metrics have also been used, but have mainly tended to focus on the software and firmware aspects of a product. Outlines metric ideas, but takes a holistic view of the product under development. Details an industrial case study which shows how information obtained during the product development process can be used to produce predictive metrics. These can be used as a means to make the development process more efficient. Discusses the benefits of predictive metrics and the impact that concurrent engineering approach has on the ability to provide these metrics.