Today, most companies are under extreme pressure to develop products within time periods that are rapidly shrinking. As markets change so do the requirements. The immediate effect of changing requirements and players keeping the process intact is the lengthening of product development efforts....

Describes a set of re‐engineering strategies that critically examine current business policies, practices and procedures (3Ps), rethink these 3Ps and then redesign some mission‐critical “products, processes, and services.” The term process improvement implies that the change or effort is...