How Model-Based SE Makes Product/System Lifecycle Management Framework More Effective

Product Lifecycle Management business approach goals have always been key to foster product innovation and companies’ competitive advantage through effective Intellectual Property creation, evolution and reuse management to successfully transition into successful product manufacturing and operations, taking into account the whole product lifecycle and its evolution through changes or derived products creations. Over the past few decades we went through several shifts in forces driving product development, from product digitization, to globalization, to regulation, to personalization, to servitization, to software intensive products, to connectivity increasing the complexity of the products, the processes required to develop, manufacture, operate, maintain and retire them, the amount of information and relationships between information to manage. Moreover a product can now be described as a complex system itself, or part of a bigger system or even part of a System of Systems, leading to an even grater complexity to manage in order to be sure that the initial requirements or needs are met by the product or system when it starts operating. This paper aims at showing how a Systems Engineering and Model Based Systems Engineering approach can complement and add value to a Product/System Life Cycle Management solution framework in order to improve the capability of an organization to meet initial requirements/needs on time and within budget.