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New advanced life cycle costing training

Advanced life cycle costing, launching on 2 July, is aimed at clients, facility managers, designers and contractors who need to calculate life cycle costs to help make better decisions regarding new-build projects, refurbishment projects and building maintenance.

It will also help those commissioning life cycle cost studies to understand what their LCC consultants have reported back to them.

Manufacturers will find the process useful as a way of comparing the life cycle costs of their products against generic competitor offerings.

This course covers the more advanced techniques used in life cycle costing such as modelling complex life cycles and sensitivity analysis and some of the more advanced applications such as prioritising projects within a limited budget and using LCC data to predict actual expenditure profiles.

The key learning outcomes of this course are as follows:

  • A deeper understanding of the more complex ways of calculating life cycle costs, involving deferred recurring costs and how costs over different timescales can be compared
  • An appreciation of the complexity of sensitivity analysis, including the limits of what can be calculated without advanced statistical techniques
  • A deeper understanding of how life cycle costs can be interpreted and used, including the use of savings-to-investment ratios, prioritising projects within a limited budget, and using life cycle cost information to calculate forward expenditure predictions

This course can be booked at www.bsria.co.uk/goto/advancedlcc

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