This paper outlines many of our experiences in the implementation of the Product Realization Process (PRP) in industry sponsored team design projects. There are three areas of emphasis. The first part reviews the Product Realization Process as implemented in our senior design courses. The second part presents and evaluates the data for the time spent on project phases and the total project. This aspect has been studied previously with industry projects and was found to be a useful way of evaluating projects as related to the PRP. The paper concludes with the lessons learned after 5 years of implementing these projects.