It is presented the knowledge engineering based design process for tricone bits and the principles of intelligent design systems. Based on Teamcenter, using NX system development software, taking full advantage of the existing design standard, design data, and materials such as design experiences, design criteria, tricone bit models accumulated by industry companies, a knowledge driven intelligent design system for tricone bits has been developed. It is a way of effectively reusing industrial product development knowledge, enhancing effectiveness and quality of product design, and achieving product full life cycle management.