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Design for Affordability (Life Cycle Costing)

In 1–3 paragraphs for each question, answer the questions.

Design for Affordability (Life Cycle Costing)
  • Question 1: In your own words, define life cycle costs. Describe what is included and what is not included when doing life cycle costs.
  • Question 2: Define and describe cost breakdown structure (CBS) and how it relates to work breakdown structure (WBS). What is the purpose of CBS, and what is included and what is not included when doing CBS?
  • Question 3: Describe the meaning of learning curve, and explain how learning curves are developed.
  • Question 4: Describe how learning curves can be applied, and discuss some of the precautions that should be taken when applying them.
  • Question 5: Describe the meaning of sensitivity analysis. Describe the value when conducting such analysis, and explain the importance.
  • Question 6: Describe Pareto analysis and its benefits.
Systems Engineering Planning and Organization
  • Question 1: When should you start systems engineering planning during the life cycle? What is included in systems engineering planning, and why is this important?
  • Question 2: Explain the purpose of the systems engineering management plan (SEMP) and when it should be developed in the life cycle. Explain its relationship with the following plans: program management plan (PMP), reliability program plan, integrated logistic support plan (ILSP), configuration management plan, and test and evaluation master plan (TEMP).
  • Question 3: Explain the purpose of the work breakdown structure (WBS). What is the difference between a summary work breakdown structure (SWBS) and a contract work breakdown structure (CWBS)?
  • Question 4: What are some of the key objectives when organizing for systems engineering?
Systems engineering and its role in business. Adhere to the following requirements:

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