Develops Life Cycle Cost Strategies

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Name:	Develops Life Cycle Cost Strategies
Acronym:
Type:	Competency Set 114

Parent Discipline

Business Management

Child Competency Unit

Define how unit cost information should be used
Establish standard sets of system life cycle processes for applicable system life cycle stages.
Identify methods and tools that support system life cycle process execution.

Definition:

Creates and specifies the policies, objectives and direction to achieve the outcomes of the sum of acquisition cost and ownership costs of a physical asset over its life cycle.

Resource:

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