Life-Cycle Costing

In today's dynamic and competitive environment, organizations are under increasing pressure to make sound financial decisions that consider not only immediate costs but also the long-term implications.

In this course, we explore the principles, methodologies, and applications of Life Cycle Costing, distinguishing it from traditional analysis methods by emphasizing its holistic perspective. From understanding the importance and benefits of LCC to dissecting the various cost components, including capital, operation and maintenance, replacement, and end-of-life costs, participants will gain a systematic framework for estimating, projecting, and analyzing costs across different stages of the lifecycle.

Additionally, we will discuss strategies for effectively presenting LCC findings and integrating them into decision-making processes, empowering participants to make informed decisions that align with organizational objectives and promote sustainable practices.

COURSE OBJECTIVES

Define and explain the key concepts of life cycle costing.
Understand the various components of the life cycle cost.
Identify and estimate the different cost components across the life cycle.
Report on life cycle cost study results for future planning and assessments.

VENUE 

The training topics will run as VILT (virtual instructor led training) via Microsoft Teams.