1. Cost Management Through Product Life Cycle
Presented By: Tamer A. Qaqish
Pressed Steel Product Ltd
Durham University

2. Contents Research Objectives Definitions Product Life Cycle
Summary of Research
Case Study
Summary & Conclusion

3. Research Objectives
To develop tools and techniques to manage the implementation and control of information system technologies in SME’s
To develop tools and techniques to manage costing data through Product Life Cycle.

4. Definitions Cost Management Technology Management
Product Life Cycle Management

5. Cost Management

6. Technology Management
Selection
Implementation
Control
Improve

7. Product Life Cycle Design Planning Production Delivery Service Design
Package
PDM
ERP
Others

8. Design Stage 75% of cost can be controlled Technology Cost Estimation
Parametric, Feature based, Cased Based Reasoning, and Others
Design to Cost
Target Costing

9. Production Stage Actual Production Data Capacity Planning Technology
Cost Management

10. Delivery & Services Hidden Costs Technologies Cost Accounting
Management Review

11. Research & Models Select and Implement the Technology
Technology Integration
Cost Data Management
Business & Operational Development

12. Select and Implement the Technology

13. Technology Integration
Design
PDM
ERP
Excel

14. Costing Data Management
Design
PDM
ERP
Estimate / Quotation
Cost Estimation
Product Data
Service/Delivery
Cost Reduction
Cost Analysis
Production
Actual Cost

15. Business & Operational Development
Improvement
Team
Market
Operational
Decision
Cost
Analysis
Strategic
Decision
Management
Review

16. Business & Operational Development
Data Analysis
Operational & Strategic Decisions
Cost Control /Reduction
Business and Operational Improvements

17. Case study PSP
PSP established in 1998 providing products for the building and cladding industry. These include many standard products as well as special bespoke products

18. Case Study PSP Small size fast growing company Make to order
Short Product Life Cycle
Technology
Management Structure
Resources
Product and Market
Services

19. Summary & Conclusion
Profit = Price – Cost
Estimate
Control
Reduce