Meaning of cost avoidance
An action taken in the immediate time frame that will decrease Costs in the future. For example, an Engineering improvement that increases the Mean Time Between Failures, and, therefore, decreases operating support Costs would constitute a cost avoidance action. In cost avoidance, it is possible for the avoidance action to incur higher costs in the immediate time frame, as long as net total Life Cycle Costs are lowered. The amount of cost avoidance is the difference between the two Estimated Cost patterns (one before the action and the one after) for the item or system. See also Cost Savings.
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