Course Outline
This is a three-day course taking delegates from the very basics of life cycle costing, through to advanced application of the technique in realistic situations.
3 Days Program
New Zealand
TBA
Life Cycle Costing is rapidly gaining popularity as more organizations recognize its role in making long-term optimal decisions. The idea of “buying the cheapest” is losing its appeal as more managers realize that the cheapest acquisition costs rarely coincide with the least expensive buy in the long run. This workshop combines Life Cycle Costing decisions with many real-world examples in an interactive and hands-on setting. It will help those responsible for LCC related decisions learn when to buy a new asset, how to
determine the best time to replace an existing one,and how to forecast the future life cycle costs of a fleet of assets.The applications of the models discussed in the workshop will be demonstrated by means of real case studies. We will introduce software packages called AGE/CON for mobile equipment replacement decisions and PERDEC for fixed capital equipment decisions and demonstrate how to use them to solve LCC problems. We will also display a software package that can be used to predict future operation and maintenance costs.
This is a three-day course taking delegates from the very basics of life cycle costing, through to advanced application of the technique in realistic situations.
1. Introduction to the importance of adopting a Whole of Life-Cycle approach.
2. Understanding the Basics.
3. The Asset Management System.
4. Lifecycle Planning Frameworks.
1. Whole of Life-Cycle Cost Analysis.
2. Case Studies of Decision Optimisation.
2.1 Modelling – “Optioneering”
3. Outcomes of 7 Optioneering Case Studies.
4. The Workings Behind the Optioneering Outcomes.
1. Whole of Life-Cycle Cost Analysis – Practical Application
2. Workshop Sessions
3. Conclusion and Q&A Session
4. BII Certificates