New Advanced Life Cycle Costing course launching on the 2nd July follows on from the Introduction to Economic and Environmental Appraisal course, but only in respect of life cycle costing (economic appraisal). It covers some of 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 course includes delegate examples so attendees can practise using life cycle costing techniques in a safe environment. It also introduces attendees to the BSRIA Life Cycle Cost Calculator – a spreadsheet based tool for presenting and calculating life cycle costs.
As this course builds on the introductory course it is recommended that delegates have attended Introduction to economic and environmental appraisal, or have an equivalent level of knowledge regarding the basics of life cycle costing. Delegates are required to use the Self Assessment test to check whether this course or the introductory course is most suitable for them.
However, ultimately this course supports the business benefit of LCC to minimise the long-term cost of any investment in new facilities, systems or equipment.
Who should attend?
This course 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 where they need to go beyond the absolute basics of LCC.
It will also help those commissioning life cycle cost studies to understand what their LCC consultants have reported back to them.
The course will also help product manufacturers to calculate the life cycle costs of their products against generic competitor offerings.
The expected learning outcomes:
- 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
Delegates are provided with a copy of all the slides presented, BSRIA publication BG 5/2008 Whole Life Costing Analysis, a BSRIA CPD Certificate and a copy of the BSRIA LCC Calculator Spreadsheet.
BSRIA members can book onto this course at a discounted rate. Book now