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The cost breakdown analysis is a popular cost reduction strategy and a viable opportunity for businesses. [ 1 ] [ 2 ] [ 3 ] The price of a product or service is defined as cost plus profit, whereas cost can be broken down further into direct cost and indirect cost . [ 1 ]
A work-breakdown structure (WBS) [2] in project management and systems engineering is a deliverable-oriented breakdown of a project into smaller components. A work breakdown structure is a key project management element that organizes the team's work into manageable sections.
High-level and low-level, as technical terms, are used to classify, describe and point to specific goals of a systematic operation; and are applied in a wide range of contexts, such as, for instance, in domains as widely varied as computer science and business administration.
The first generation of PMT systems, MTM1, were very finely detailed, involving much analysis and producing extremely accurate results. This attention to detail was both a strength and a weakness, and for many potential applications the quantity of detailed analysis was not necessary, and prohibitively time -consuming.
The analysis is defined as "the procedure by which we break down an intellectual or substantial whole into parts," while synthesis means "the procedure by which we combine separate elements or components to form a coherent whole." [3] System analysis researchers apply methodology to the systems involved, forming an overall picture.
The GBS is the culmination of three concepts: the hierarchical relationship of product development, the work breakdown structure and requirements traceability.. The concept of a hierarchical relationship among objectives in product development was identified by Joseph M. Juran in Juran's Quality Control Handbook [2] where he states in section 2.2, subsection Hierarchy of Product Features ...
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The representation must describe the breakdown of the configuration system into subsystems and the lowest manageable level. An accurate and complete structure chart is the key to the determination of the configuration items (CI), and a visual representation of the configuration system and the internal interfaces among its CIs (define CI clearly) .