Engineering and R&D organizations are facing transformative shifts in the world of Enterprise Engineering, with shifting priorities and new levers to enable them to build products and services that meet the needs of modern business environments. Engineering organizations need to focus on innovation and bringing in quality excellence. Some of the levers should include adopting emerging technologies such as cloud computing and mobile devices as well as applying agile methodology for software development, emerging models of collaboration with cross-functional teams between engineering, marketing, sales and other business functions.