Design-to-cost
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Design-to-Cost (DTC), as part of
project triangle
.
By taking the right design decisions as early as during the initiation and
development cycle. In DTC, cost considerations also become part of extended requirements specifications.[1]
In contrast to the closely related target costing, DTC does not mean a product will exactly reach a defined cost, rather, it is about "considering cost as a design parameter in your product development activities".[2] DTC can also be contrasted with Design-to-value which emphasizes the value that can be delivered to the customer, instead of the production costs for the manufacturer or company.[2]
See also
References
Look up design to cost in Wiktionary, the free dictionary.