Question

As a CEO in a newly founded company, what are the benefits of implementing Current Engineering (Simultaneous Engineering) in your company?

Answer 1

As a CEO of newly founded company, the benefits of implementing cerrent engineering are as follows:

1)It encourages multidisciplinary collaboration: Collaboration reduces the time-wasting, inconsistencies, and other inefficiencies associated with silo effect.

2) It makes the design process faster; current engineering eliminates a lot of that wait time by overlapping and integrating tasks. By one estimate, this approach can reduce the total design effort by as much as 30%. current engineering also speeds the design process by ensuring change requests are kept to a minimum.

3)It reduces costs and increases quality by supporting the entire project life cycle: current engineering can bring cost effectiveness and produce nothing less than top quality for the ultimate buyer and consumer of constructed facilities, i.e., owners and end users, respectively.

4) It increases productivity by stopping mistakes in their tracks: Current engineering brings more people to the table earlier in the process so that these kinds of mistakes are found while the project is still in the design phase, when they’re relatively inexpensive to fix, rather than later on, when even a small change can cost you big time.

5)It gives you a competitive advantage: Current engineering means you’ll complete projects faster and achieve higher quality results. That will give you an immediate advantage over any firm still doing things the old way.