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2. Cost reduction - Wikipedia

   en.wikipedia.org/wiki/Cost_reduction

   Every decision in the product development process affects cost: design is typically considered to account for 70–80% of the final cost of a project such as an engineering project [1] or the construction of a building. [2] In the public sector, cost reduction programs can be used where income is reduced or to reduce debt levels. [3]

3. Engineering change order - Wikipedia

   en.wikipedia.org/wiki/Engineering_Change_Order

   Changes are considered reportable when they affect the performance or life span of a product. Such changes include any that affect the form, fit, function, or the product technical specification (i.e., documentation) of the product. The desire for supplier or customer traceability may result in a reportable change.

4. Lump sum contract - Wikipedia

   en.wikipedia.org/wiki/Lump_sum_contract

   Typical Lump Sum Contract Structure. A lump sum contract in construction is one type of construction contract, sometimes referred to as stipulated-sum, where a single price is quoted for an entire project based on plans and specifications and covers the entire project and the owner knows exactly how much the work will cost in advance. [1]

5. Design-to-cost - Wikipedia

   en.wikipedia.org/wiki/Design-to-cost

   Design-to-Cost (DTC), as part of cost management techniques, describes a systematic approach to controlling the costs of product development and manufacturing.The basic idea is that costs are designed "into the product", even from the earliest concept decisions on and are difficult to remove later.

6. Cost breakdown analysis - Wikipedia

   en.wikipedia.org/wiki/Cost_breakdown_analysis

   The cost breakdown analysis is a popular cost reduction strategy and a viable opportunity for businesses. [ 1 ] [ 2 ] [ 3 ] The price of a product or service is defined as cost plus profit, whereas cost can be broken down further into direct cost and indirect cost . [ 1 ]

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