Product family/line engineering is all about reusing components and structures as much as possible. This method creates an underlying architecture of an organizations product platform, one that is based on commonality and similarity. The various product variants can be derived from the basic product family, which creates the opportunity to reuse and differentiate on products in the family. It focuses on the process of engineering new products in such a way that it is possible to reuse product components and apply variability with decreased costs and time. [From Wikipedia on 4/19/07]
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