Engineering value is emergent Activities accumulate information eliminate risk, use resources Risk Process InfoOutcome Value Realized Time Adapted From Chase, "Value Creation in the Product Development Process, 2001 Deborah Nightingale, MIT@ 20027 Deborah Nightingale, MIT © 2002 Engineering Value is Emergent Adapted From Chase, “Value Creation in the Product Development Process”, 2001. Time Value Risk Info Activities accumulate information, eliminate risk, use resources Value Realized Process Outcome