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Useable Knowledge

The value created by lean product development processes. Because almost all defective projects result from not having the right knowledge at the right place at the right time, lean companies generally spend proportionately more development time creating and capturing knowledge, and less creating hardware. Knowledge captured is then translated into specific applications where it can be applied (i.e., reused) to other projects, such as design guidelines and trade-off curves.

Synonyms:
Reuseable Knowledge