About Course
This comprehensive Life Cycle Costing (LCC) training course takes participants from the basics of LCC to advanced applications in real-world scenarios. It equips asset managers, project sponsors, and engineering teams with the skills to evaluate the total expenditure of assets and projects over their entire lifecycle, from initial investment to long-term operational costs. Participants will learn to make informed decisions that balance capital and operating costs, ensuring the most economical solutions are selected for sustainable asset management and project delivery. The course covers essential concepts, cost analysis techniques, and practical tools, including sensitivity analysis and Monte Carlo simulations, all within a strategic framework to maximize asset reliability and cost-effectiveness.