Milestones

tem acquisition LCC profile.

life-cycle cost is committed by the government. Figure 14-18 shows that, for every $12 that DoD puts into R&D, $28 are needed downstream for production and $60 for operation and support.

Life-cycle cost analysis is an integral part of strategic planning since today's decision will affect tomorrow's actions. Yet there are common errors made during life-cycle cost analyses:

• Loss or omission of data

• Lack of systematic structure

• Misinterpretation of data

• Wrong or misused techniques

• A concentration on insignificant facts

• Failure to assess uncertainty

• Failure to check work

• Estimating the wrong items

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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