Question

When conducting a LCC analysis, what is the correct sequence of steps. Match the step with a number, with the first step starting with

1. Define the modeling objectives in terms of the outputs required to support a particular decision(s
) A. 3 B. 5 Delineate the scope of analysis, underlying conditions, assumptions, limitations and constraints. C. 4 D. 2 Create or adopt a cost breakdown structure uncertainties Integrate the cost elements into the LCC model to generate outputs Review the model and results to ensure it is adequate to address the objectives of the analysis

Answer 1

The correct sequence of steps for conducting a LCC analysis are: 1. Delineate the scope of analysis, underlying conditions, assumptions, limitations, and constraints. 2. Create or adopt a cost breakdown structure. 3. Define the modeling objectives in terms of the outputs required to support a particular decision(s). 4. Integrate the cost elements into the LCC model to generate outputs. 5. Review the model and results to ensure it is adequate to address the objectives of the analysis.

Step-by-step explanation:

1. Delineate the scope of analysis, underlying conditions, assumptions, limitations, and constraints.
2. Create or adopt a cost breakdown structure.
3. Define the modeling objectives in terms of the outputs required to support a particular decision(s).
4. Integrate the cost elements into the LCC model to generate outputs.
5. Review the model and results to ensure it is adequate to address the objectives of the analysis.