The document discusses implementing Lean principles in product development to reduce costs and cycle times. It outlines traditional development problems like long cycles, high costs, and changes to requirements. Lean product development focuses on understanding customer value, front-loading the process, and visual project alignment. Workshops are used to capture new information, focus on value-adding activities, and create action plans to streamline development through techniques like QFD, prototyping, and integrated cross-functional teams.
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