Design-to-cost

Source: Wikipedia, the free encyclopedia.

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

  1. ^ http://www.cs.odu.edu/~mln/ltrs-pdfs/iaa-ceso-11-90.pdf [bare URL PDF]
  2. ^ a b "Design-to-Value versus Design-to-Cost versus Minimum Viable Product". December 10, 2012.