3. Manage a portfolio of opportunities and cost risks and chart the "road to the target."
The goal of the CCO approach is to achieve the target by modifying the initial definition through the application of less costly alternative solutions (known as "opportunities").
For a complex product, this requires the creation and management of a portfolio of documented and evaluated ideas in order to enable:
To obtain a realistic projection, it is also necessary to identify negative impacts on the cost of the product ("risks"). These impacts arise from alternatives that meet other criteria, such as "performance."
These "opportunities and risks" are decision items...
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Manage a portfolio of opportunities and cost risks and chart the "road to the target."