Presentation Abstract:
This
presentation outlines the critical importance of Systems Engineering
(SE) as a strategic investment for senior management. Systems
Engineering is an interdisciplinary approach that ensures complex
projects are delivered successfully by managing risk, controlling costs,
and reducing the likelihood of project failure. In today’s increasingly
complex project environments, SE offers a structured method to identify
customer needs early, manage requirements, and ensure all system
components work together seamlessly throughout the lifecycle.
Research
shows that organizations investing in SE can save 10-20% of their
project budgets and significantly reduce the risk of delays and
overruns. Without SE, the cost of fixing errors grows exponentially as
projects progress, potentially reaching 250 times the initial cost if
discovered late. SE provides early control over project requirements,
interfaces, and integration, preventing costly late-stage surprises.
SE's
return on investment (ROI) ranges from 4:1 to 10:1, making it a
technical necessity and a business imperative. The message is clear: SE
is not just about solving engineering problems; it’s about protecting
the bottom line and ensuring long-term success.
Note: The INCOSE Canada chapter also hold his AGM during this event