During the whole product design and development processes, the concurrent engineering relies on strong and permanent interactions between the departmental functions. Concurrent or simultaneous engineering in new product development is a new concept which needs to be redefined. This paper deals with a concurrent engineering model which represents how concurrency, as an organizational process, is related to a interfunctional project team. Four dimensions shaping the sucess of the concurrent engineering are suggested with detailed meausrement instruments. Moreover, an empirical study on the effects of the four dimensions on the efficiency of the product development processes is carried out in the field of electronic industries.