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This lecture introduces the concept of design reviews, focusing on the objective, steps, and stakeholders involved in the process. It covers the V-Model of Systems Engineering, including Systems Requirement Review, Preliminary Design Review, and Critical Design Review. Through examples like Carderly, the lecture illustrates the importance of functional requirement lists, work breakdown structures, and Gantt charts in the design process. It emphasizes the iterative nature of design reviews, risk analysis, and the importance of verification and validation. The post-mortem analysis highlights the significance of proper risk analysis and verification plans in complex systems.