What is Model Based Engineering?
Model-based engineering (MBE) is an approach to engineering that uses models as an integral part of the technical baseline that includes the requirements, analysis, design, implementation, and verification of a capability, system, and/or product throughout the acquisition life cycle.
Incose, Final Report, Model-Based Engineering Subcommittee, NDIA, Feb. 2011
So, what is MBSE?
Model-based systems engineering (MBSE) is the formalised application of modelling to support system requirements, design, analysis, verification and validation activities beginning in the conceptual design phase and continuing throughout development and later life cycle phases.
INCOSE SE Vision 2020 (INCOSE-TP-2004-004-02, Sep 2007)

What are the Benefits of MBSE?
MBSE enhances the ability to capture, analyse, share, and manage the information associated with the complete specification of a product, resulting in the following benefits:
