The task is to develop a new aircraft.
The choice between two apparently
equivalent components can impact
costs for the aircraft’s entire life
cycle. Is the engineer making the
right choice? Is he or she even
considering the respective life cycle
costs? And will anyone revisit the
decision in five, ten or fifteen years?
This is the idea behind Life Cycle Management,
LCM. Early decisions, often made already at the
concept or design phase, impact long-term costs
more than any other factor in the product life
cycle. Sometimes the choice is between two
solutions that appear equal – and sometimes the task is to identify a small number of cost drivers among thousands of candidates.
Regardless, the perspective remains the same: the sooner you think LCM, the greater the chance of reducing costs and ensuring future profitability.