A method for controlling a process of realizing a product. The method defines activities of the process, their precedence relationships and the flow of information among the interconnected activities required to create the product. Resources are allocated and the defined activities are scheduled to complete the process. The method monitors the allocated resources and outputs of the interconnected activities and controls the process by dynamically reconfiguring the activities in accordance with time-variant criterion and selectively modifying the activities in accordance with monitored outputs of the activities to maintain optimal design, fabrication and assembly of the product.