Useful knowledge

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The value created by Lean product development processes. Because almost all imperfect projects are the result of not having the right knowledge in the right place at the right time, Lean companies generally spend proportionately more development time creating and acquiring knowledge and less on creating hardware. 

The knowledge gained is then translated into specific applications, such as design guidelines and trade-off curves, so that it can be reused for other projects. 

Lean Lexicon

Explanation of key Lean terms online
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