Inefficient processes leads to longer development time, slows the ability to implement changes, affects delivery timeline, and increase cost due to scrap, waste, and rework
Increased risk of non-compliance due to improper change management, human error due to manual processes, missed approvals in documentation process, and delays in entry to market
Lower quality products due to inability to identify, track, and manage product related risks
Less product innovation as there is scattered product data
Increased development costs due to low design quality and missed profits