LIFE CYCLE MANAGEMENT
LIFE CYCLE MANAGEMENT
Author(s): Constantin Alexandru CaravanSubject(s): Politics / Political Sciences, Politics, Economy, Business Economy / Management, Security and defense
Published by: Regional Department of Defense Resources Management Studies
Keywords: life cycle management; life cycle cost; process; process planning; concept; NATO;
Summary/Abstract: The necessity for a methodical, integrated, and comprehensive approach to system acquisition became obvious during last 20 years. Consequently it was important to develop an exhaustive method witch can explain the life cycle needs of a system, from the early beginning until the end, during its life. Lacking this, the product (or systems) performance through life can not be achieved at the expected level. Without a broad understanding of all aspect of life cycle component, a system in use involves spending more money after the acquisition phase than it was intended. Therefore, I think a summary of the concept of Life Cycle Management only provides some clarifications on issues that often are not taken into account when a product is acquired.
Journal: Defense Resources Management in the 21st Century
- Issue Year: 7/2012
- Issue No: 7
- Page Range: 270-277
- Page Count: 8
- Language: English