Product reliability is becoming increasingly important as a wide range industries face the day-to-day prospect of operating in extreme conditions and doing it in a safe and environmentally responsible way. This is true whether it's a butterfly valve for a cryogenic application, a knife gate valve for slurry transport, a ball valve for refinery application or a high torque actuator in an Oil & Gas application. The purpose of this report is to highlight the importance of product reliability within the product development process which includes design and manufacturing validation and continuous improvement initiatives.