Cost estimation for a composite material part requires cost driver information from various activities just like any other material part. Every process involved to convert the product from raw material to finished state requires the consumption of certain cost value. The activities that are responsible for these cost changes are termed as cost drivers. Process cycle or life-cycle is a way to represent the processes necessary in a products complete journey. It is important to map different phases in a processes and include
them in the life-cycle for proper analysis and management. The present work reviews the importance of different phases in a processes and quantifies the contribution of various processes in the composite material part overall cost. This contribution is represented in a tabular form and then compared to conventional method of life-cycle. The importance of including carbon footprint in the life-cycle is also reviewed and finally a generic process/
project life-cycle for composite material part is defined. This contain processes that are contributing the most to the overall cost of the product and form a basis for process/project analysis, optimization and management
