Enhanced information management techniques made available through emerging Information Technology platforms hold a promise of providing significant improvements in both the effectiveness and efficiency of developing complex products. Determining actual management implementations that deliver on this promise has often proven elusive. Work in conjunction with the Lean Aircraft Initiative at MIT has revealed a straight forward use of Information Technology that portends significant cost reductions. By integrating previously separate types of data involved in the process of product development, engineers and designers can make decisions that will significantly reduce ultimate costs. Since the results presented are not specific to particular technologies or manufacturing processes, the conclusions are broadly applicable.