Standards Development

Scope

This part of IEC 62402 provides guidance for forecasting obsolescence costs by defining policies, processes, and techniques to forecast obsolescence management costs for planning for obsolescence, designing to minimize obsolescence, checking for obsolescence, and acting on obsolescence for an item over a defined period or throughout the life cycle phases.

This document will provide the techniques to justify obsolescence management investment using a forecast of doing nothing vs cost avoidance of doing ‘something’.

This document will also provide guidance applicable to any organization that is dependent on another organization to obtain value from the usefulness of the items that it provides.

This document excludes forecasting:

- capability improvement costs, those costs related to improving the performance of items that have become outdated, which may resolve obsolescence but that is not the primary objective;

- indirect costs, those costs related to obsolescence management that are not related to a specific item.

NOTE An example of a capability improvement is the procurement of the latest smart phone to obtain greater performance.

This document will exclude cost information but will provide guidance on how organisations should establish their own cost forecasting baselines utilising historical cost outcomes.

Guidance on specific models (including academic models) are included as notes, in the informative annexes and references in the Bibliography.