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Concurrent engineering is a work methodology emphasizing the parallelization of tasks, which is sometimes called simultaneous engineering or integrated product development using an integrated product team approach. It refers to an approach used in product development in which functions of design engineering, manufacturing engineering, and other functions are integrated to reduce the time required to bring a new product to market. Other articles where Concurrent engineering is discussed: aerospace. Orville Wright beginning the first successful controlled flight in history, at Kill Devil Hills.