The task is to develop a new aircraft. The choice between two apparently equivalent components can impact costs for the aircraft’s entire life cycle. Is the engineer making the right choice? Is he or she even considering the respective life cycle costs? And will anyone revisit the decision in five, ten or fifteen years?
This is the idea behind Life Cycle Management, LCM. Early decisions, often made already at the concept or design phase, impact long-term costs more than any other factor in the product life cycle. Sometimes the choice is between two solutions that appear equal – and sometimes the task is to identify a small number of cost drivers among thousands of candidates.
Regardless, the perspective remains the same: the sooner you think LCM, the greater the chance of reducing costs and ensuring future profitability.
Complex issues require special tools. We provide you the analysis, methods and software applications you need for all your important decisions.