Sea Nymph Pilot LCC Model Development Report.
Abstract
Effective cost management of the Sea Nymph Project requires a dynamic means to (1) identify, (2) define, (3) estimate, (4) calculate, (5) record, (6) evaluate, (7) control, and (8) update cost data. Such data must be processed automatically because of the large number of cost categories (and the factors they consist of) and the necessity to accurately evaluate their effects during project management decision making. Upon assessment of available and feasible cost information, it has been determined by the Naval Electronics Systems Command Headquarters (NAVELEX) PME 107-1 that the most suitable automatic data processing alternative is the life cycle cost (LCC) method and computer resources. These were developed for the Chief of Naval Material (CNM) by the Naval Weapons Engineering Support Activity (NAVWPNENGSUPPACT). A description of the basic method to be used is contained in Life Cycle Cost Guide for Equipment Analysis, January 1977, prepared for the Naval Material Command by NAVWPNENGSUPPACT, Management Engineering Department, Cost Management Division. This report documents LCC application to the Sea Nymph Project and explains practical problems that must be addressed in a typical LCC application. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 15, 1977
- Accession Number
- ADA048109
Entities
People
- Howard E. Knust
- John B. Anderson
Organizations
- Naval Underwater Systems Center