Life Cycle Costing course is taking delegates from the very basics of life cycle costing, through to the advanced application of the technique in realistic situations.
Life cycle costing (LCC) enables asset managers, project sponsors, and delivery teams to evaluate the combined capital and operating costs of different ways of managing built assets and delivering construction projects.
Assets can range from entire estates down to specific systems and components and projects can range in size from small plant replacements to significant refurbishment and new-build works. But the same life cycle costing principles must be applied in each case.
Thinking of projects concerning TOTEX (total expenditure = CAPEX + OPEX) is essential to know which solution to the brief is the most economical over the long term. LCC is one of the strategic priorities of the Government Construction.
Current economic pressures make it imperative to maximize asset reliability, so this training course has been researched and developed to focus on how to accurately cost equipment selection while considering actual equipment survival and failure rates as well as the total costs incurred during the equipment’s lifetime.
This will allow you to choose the most cost-effective approach from a series of available alternatives, which in the long term will save your organization time and money which is the Holy Grail of every maintenance and engineering manager!
Our Life Cycle Costing training course uses as many real-life and practical maintenance and equipment examples as possible to show you how to make long-term ownership decisions rather than only choosing the lowest cost option first.
We will take you in detail through all of the Life Cycle Costing phases, and we will answer all of your questions that relate to each stage.
You might be interested in other Construction Management programs as a next step.
YOU WILL LEARN HOW TO
Life Cycle Cost training covers the fundamentals of how to cost projects and equipment selection while taking into account equipment survival/failure and the total cost incurred during the project life.
Our Life Cycle Costing training course uses as many real-life and practical maintenance and equipment examples as possible to show you how to make long-term ownership decisions rather than only choosing the lowest cost option first.
We will take you in detail through all of the Life Cycle Costing phases, and we will answer all of your questions that relate to each stage you will leave this training course with a detailed understanding of what Life Cycle Costing is and how to apply to your current maintenance environment.
IMPORTANT COURSE INFORMATION
Certificate
Students will receive Strategic Axis professional certificate accredited by UAE Government.
COURSE OUTLINE