Drawing check? I thought that went the way of the Dodo? Even if it didn't I'd hesitate on the 'identification of critical dimensions' but that's a discussion for another day.
vishaank - you need to work out what the steps in your process are, they might be something like (however it varies so much by industry, complexity etc. that it may differ a lot):
1. Define Requirement
2. Determine Basic Concept
3. Break the job down into the various tasks that need to be completed and the expected deliverable's. Estimate the amount of time required etc. maybe a project plan - just don't make it more complicated than it really needs to be.
4. Create basic model or, if in 2D, layout.
5. Do any analysis you can up front to validate the design such as stress analysis etc.
6. Have a preliminary design review prior to creating detailed drawings (or equivalent MBD) with input not just from design but from manufacturing, quality and any other relevant parties such as Marketing & Financial etc. Only once everyone agrees with going on to the next stage do you progress to the below detail design tasks.
7. Create detail drawings.
8. Check the drawings.
9. Create formal stress and other analysis reports if appropriate.
10. Create test plan.
11. Hold Interim Design Review - decision on if to build prototype(s).
12. Create routings/work instructions/CAM programs etc.
13. Create Prototype(s)
14. Test Prototype(s)
15. Prepare Test Reports.
16. Iterate design to fix any failings - major redesigns may require more of the previous steps to be repeated.
17. Critical Design Review - this is the decision to go into initial production.
18. Initial Production - use this to fine tune the manufacturing process, may also need to use units from here for some regulatory testing or the like that has to be done on fully representative units.
Some of these can be broken into smaller steps, some can be run in parallel or perhaps moved in order depending on how tight you schedule is compared to how risk averse you are. I'm sure I missed out or glossed over some but hopefully it gives some ideas and may illicit comment from others.
Also, depending on your situation you may need to worry about other things than just engineering, such as marketing or financial aspects etc.
Posting guidelines faq731-376 (probably not aimed specifically at you)
What is Engineering anyway: faq1088-1484