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In terms of time, effort, and resources consumed, collection of data is a major part of a life cycle cost study. Life cycle costing is a data driven process, as the amount, quality and other characteristics of the available data often define what methods and models can be applied, what analyses can be performed, and hence, the results that can be achieved. It is important to bear in mind that, because the quality and value of life cycle cost and life cycle management analyses is highly dependent on the quality of the available data, good data represent real value for a materiel programme. Conversely, real costs are associated with the collection and storage of data. This chapter will take the broad view and define data as any type of information used in a life cycle cost analysis. Data collection for risk analysis is a topic that requires extra attention, and is therefore covered separately in Sub-section 7.4. 6.1 EVOLUTION THROUGH THE LIFE CYCLE As a system progresses through the life cycle, the types of data available evolve in a number of ways. As this in turn defines the task of data collection and the life cycle costing process in general

Year: 2012
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