Simultaneous engineering is the process of designing and developing products at the same time. It is often referred to as concurrent engineering.
Simultaneous engineering can greatly reduce the cycle time of a new product because it focuses on both developing and manufacturing a new product at the same time. This type of engineering employs more than one team to get both jobs done quickly and efficiently.
Several well-known companies use concurrent engineering. They include NASA, Boeing, the Aerospace Corporation and the German Aerospace Center. This technique is useful and effective because it relies on information sharing, which helps a project progress in a timely manner.