Cost Management
Cost management in space and astronautical engineering refers to the process of planning, estimating, budgeting, financing, funding, managing, and controlling the costs associated with the design, development, testing, manufacturing, launching, and operation of space systems, vehicles, and missions. It involves identifying the cost drivers, analyzing the cost structure, assessing the cost risks, optimizing the cost performance, and ensuring the cost effectiveness of the space projects. Cost management also includes the evaluation of the return on investment, the cost-benefit analysis, and the life cycle cost analysis of the space programs.
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