Provides a general introduction to the concept of life cyclecosting. This section particularly highlights the costs associatedwith dependability of the product.It also identifies typical life cycle cost elements to facilitateproject and programme planning. General guidance for conductinglife cycle cost analysis, including life cycle cost modeldevelopment, is provided.
This part of IEC 60300 provides a general introduction to the concept of life cycle costing and covers all applications. This standard is intended for general application by both customers (users) and suppliers of products. It explains the purpose and value of life cycle costing and outlines the general approaches involved. It also identifies typical life cycle cost elements to facilitate project and programme planning.
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