Life cycle costing

Life Cycle Costing (LCC) is an approach that employs a comprehensive economic analysis helping you to successfully predict and control the total cost of your equipment - ensuring you make the best decision in the acquisition phase and gain the optimal production and life span out of your equipment while minimise the all the costs involved.

This two-day training course will teach you how to:

•Define the concept of life cycle and explore the role it plays in your organisation's overall asset management programme
•Identify the advantages and disadvantages of alternate approaches to asset management
•Demonstrate the financial advantages of utilising Life Cycle Costing (LCC) process within your organisation
•Establish the most common projects that LCC is applied to and what the driving factors are for utilising LCC in these projects:
•Determine the scope of your project and ascertain if LCC would be cost effective and advantageous
•Clarify the stages within the life cycle process
•Establish how to conduct LCC with regard to equipment already in your operations
•Learn how to apply budgeting calculations to your LCC process and adhering to this budget
•Master the tools that will streamline your LCC process

Date: 12 March 2013 to 13 March 2013
Time: 08:30 - 16:30
Venue: The Wanderers Club, Johannesburg
Cost: Save up to R2,000, when you register and pay early.