Systems Life Cycle Costing: Economic Analysis, Estimation, and Management

John V. Farr

Hardback
$87.96

eBook
from $49.00

June 20, 2011 by CRC Press
Professional - 316 Pages - 130 B/W Illustrations
ISBN 9781439828915 - CAT# K11422
Series: Engineering Management

FREE Standard Shipping!

was $109.95

$87.96

SAVE $21.99

Add to Cart
Add to Wish List

Features

    • Takes a life cycle approach to cost analysis, estimation, and management, focusing on systems and software
    • Focuses on technology-centric examples
    • Provides methods, processes, and tools (MPTs) for life cycle costing
    • Contains unpublished material on the costing of commercial off the shelf systems
    • Presents the MPTs for a product development perspective
    • Uses Excel for most applications with most problem solutions developed using spreadsheets
    • Includes costing estimation and analysis techniques for software, COTS, and other issues for complex systems
    • Covers advanced techniques such as simulation base costing and cost estimation relationships

    Summary

    Although technology and productivity has changed much of engineering, many topics are still taught in very similarly to how they were taught in the 70s. Using a new approach to engineering economics, Systems Life Cycle Costing: Economic Analysis, Estimation, and Management presents the material that a modern engineer must understand to work as a practicing engineer conducting economic analysis.

    Organized around a product development process that provides a framework for the material, the book presents techniques such as engineering economics and simulation-based costing (SBC), with a focus on total life cycle understanding and perspective and introduces techniques for detailed analysis of modern complex systems. The author includes rules of thumb for estimation grouped with the methods, processes, and tools (MPTs) for conducting a detailed engineering buildup for costing. He presents the estimating costing of complex systems and software and then explores concepts such as design to cost (DTC), cost as an independent variable (CAIV), the role of commercial off-the-shelf technology, cost of quality, and the role of project management in LCC management.

    No product or services are immune from cost, performance, schedule, quality, risks, and tradeoffs. Yet engineers spend most of their formal education focused on performance and most of their professional careers worrying about resources and schedule. Too often, the design stage becomes about the technical performance without considering the downstream costs that contribute to the tota1 life cycle costs (LCC) of a system. This text presents the methods, processes, and tools needed for the economic analysis, estimation, and management that bring these costs in line with the goals of pleasing the customer and staying within budget.