The process of evaluating, analyzing, and estimating the resources required to develop, purchase, field, and support past, present, and future systems Often, statistical methods are used to estimate the resources that will be needed over the life-cycle of a system
Evaluation of cost data for the purpose of arriving at costs actually incurred or estimates of costs to be incurred, prices to be paid and costs to be reimbursed
The review and evaluation of actual/estimated costs (material, direct labor, overhead, and general admin Expense, profit, taxes, import duties, and transportation)
An analysis that subtracts the benefits of homeownership from the costs of homeownership to obtain a net cost Included in costs are mortgage interest, discount points, closing costs, property taxes and homeowner's insurance, home maintenance costs, and any private mortgage insurance (PMI) Included in benefits are the tax savings on deductions for mortgage interest (including points) and property taxes, and an increase in equity that you receive either from repayment of the loan principal or an appreciation in the value of your home
Analyzing the cost of a product or system over its entire lifetime, including design, development, and replacement costs Relex Life Cycle Cost (LCC) enables users to perform cost analyses, using a Cost Breakdown Structure (CBS) tree, factoring in alternatives, time intervals, and other variables
Analysing the cost of a product or system over its entire lifetime, including design, development, and replacement costs Relex Life Cycle Cost (LCC) enables users to perform cost analyses, using a Cost Breakdown Structure (CBS) tree, factoring in alternatives, time intervals, and other variables
the process of obtaining cost breakdowns, verifying cost data, evaluating specific elements of costs and examining data to determine necessity, reasonableness, and appropriateness of the costs reflected in a grant budget