All 1 entries tagged Cost

Life–Cycle – tangibility

Lice Cycle management as already talked about by many can be seen from a lot of perspectives.

But after spending time reading them, I realized that life cycle management is very similar to every other form of management that is done correctly - paying attention to the whole system or cycle.

Very commonly, we tend to pay attention to a particualr subject or matter when working - while not caring too much about its context, or how it started and what are the possible outcomes of it, because we simply want to work on whatever is then and there.

This is very similar to how we're supposed to do our disseration, the literature review is for us to understand the context of the subject we are covering, and know enough about how things work in that area to come to a substantiated conclusion.

When working, many often just face a problem, fix it and move on, but if they understood how work is normally conducted, from beginning to end, they will know how and why the issue became a problem because everything is tracable. This is the same concept as life cyle costing especially, where everything is recommended to be documented for tracability as well.

From this observation, I suggest everyone to try applying this same 'life-cycle' method of start to end - and even cyclical approach to everything.

Shujaat Alikhan : 05 Jul 2014 06:48 |  Tags: Asset Cost Cycle Kbam Life Management Mbe |  Comments (0) |  Close comments |  Report a problem