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This lecture introduces the 'V-Model' of Systems Engineering, covering stakeholder analysis, system lifecycle management, requirements definition, system architecture, concept generation, tradespace exploration, system integration, and concept selection. It emphasizes the importance of good requirements, with examples from the Mars Climate Orbiter and DC-3. The lecture also discusses the challenges of requirements definition, the impact of requirements volatility, and the verification and validation processes. Additionally, it explores system modeling languages, creativity techniques like brainstorming, the Pugh Matrix for concept selection, and the Preliminary Design Review in the systems engineering process.