This course will provide an understanding of Systems affordability concepts and the life cycle cost process. The importance of using these concepts in optimizing engineering/business decisions will be examined with emphasis being placed on the evaluation of alternatives weighing costs, risks, reliability, maintainability, supportability, weight, performance, and other benefit/risk parameters.  Topics include, total ownership cost, estimating methods & techniques, cost analysis process, system trade studies, sensitivity analysis, risk analysis & simulation, and system cost effectiveness.