Life Cycle Cost Management Involves Analyzing the Functionality of the Product

question 23

True/False

Life cycle cost management involves analyzing the functionality of the product to determine which functions add value to the customer and then finding ways to deliver those functions while meeting the target cost.Value engineering involves analyzing the functionality of the product to determine which functions add value to the customer and then finding ways to deliver those functions while meeting the target cost.

---

Definitions:

Clutch Pack Assembly

A component in automatic and some manual transmissions comprising multiple clutches to engage and disengage gears.

Intermediate Plate

A component in a multi-plate clutch assembly that separates the friction plates, often used in automotive transmissions.

Intermediate Plate

A component used between two parts of a machine to provide spacing, support, or a mounting surface, often found in transmissions or engine assemblies.

Pot Type Flywheel Housing

A specific design of flywheel housing that encapsulates the flywheel in a deep cavity, often encountered in large industrial or marine diesel engines.