The paper describes a set of seven fundamental principles for achieving “best concurrency and simultaneity.” The concurrent approach is gaining worldwide attention at this moment. The paralleling of life-cycle activities and process restructuring are being deemed necessary by more and more industries. An automobile product development process example is used in this paper to illustrate many aspects of these seven principles. The principles help the concurrent teams, first, to define how to decompose the product, process and work activities and then, how to arrange these decomposed activities so that “best concurrency and simultaneity” can be achieved.