Question: In looking at Figures 2-4 and 2-5, restate in your own words what the authors are trying to get across with these figures. Do you

In looking at Figures 2-4 and 2-5, restate in your own words what the authors are trying to get across with these figures. Do you agree that this is an important effect for companies? Explain.

Figure 2-4

100% r Life-Cycle Costs Committed and Ultimate Benefits Set 80% 60% 40% 20% 0% Life-Cycle Costs Spent Conceptual Design

Figure 2-5

100% r Life-Cycle Costs Committed and Ultimate Benefits Set 80% 60% 40%

100% r Life-Cycle Costs Committed and Ultimate Benefits Set 80% 60% 40% 20% 0% Life-Cycle Costs Spent Conceptual Design Detailed Design Production Needs Definition Time Project Phase Decline/Retirement Total Life-Cycle Cost Operational Use

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