Definition Life cycle costing is defined as the total cost throughout its life including planning, design, acquisition & support costs & any other costs directly attributable to owning / using the asset. Category of LCC Capital assets : •Initial costs •Operating costs •Disposal costs LIFE CYCLE COSTING. 4. Life cycle costing (cont'd) Life Cycle Costing is based on the concept of product life cycle. It argues that the full cost of a product is the sum of costs at all stages (from development till decline) & not merely the Variable Production Cost & Fixed Production Cost at current production situation.
What Is Life Cycle Costing? ToughNickel
Leverage our Life Cycle Costing (LCC) presentation template for MS PowerPoint and Google Slides to describe the process of assessing the total cost of asset maintenance throughout its lifespan. Target costing and lifecycle costing can be regarded as relatively modern advances in management accounting, so it is worth first looking at the approach taken by conventional costing. Typically, conventional costing attempts to work out the cost of producing an item incorporating the costs of resources that are currently used or consumed. Lifecycle costing is the maintenance of physical asset cost records over entire asset lives. This means decisions around the acquisition, use or disposal of assets can be made in a way that achieves the optimum asset usage at the lowest possible cost to the entity.. Lifecycle costing can also be applied to profiling cost over a product's. Life Cycle Cost Analysis PowerPoint Templates Are you looking to create a presentation on lifecycle cost analysis? Look no further. Our collection of pre-designed PowerPoint templates is here to help. You can use these fantastic layouts to provide a complete insight into the process of life cycle costing.
Life Cycle Costing In Construction / Life Cycle Costing / Life cycle costing (lcc) as a
NIST Handbook 135 Life-Cycle Costing Manual for the Federal Energy Management Program by Sieglinde K. Fuller and Stephen R. Petersen. National Institute of Standards and Technology, 1995. NISTIR 85-3273-31 Energy Price Indices and Discount Factors for Life-Cycle Cost Analysis, Annual Supplement to Handbook 135 by Priya D. Lavappa and Joshua D. Life cycle costing, or whole-life costing, is the process of estimating how much money you will spend on an asset over the course of its useful life. Whole-life costing covers an asset's costs from the time you purchase it to the time you get rid of it. Buying an asset is a cost commitment that extends beyond its price tag. Life Cycle Costing. Life Cycle Costing is a methodology that provides an estimate of the total capital, operating and maintenance costs of an asset over its operating life and enables these costs to be optimized to obtain maximum useful life while maintaining the level of service. Relevant costs include those for each of the life cycle phases. Direct LCC Commonest LCC includes • (a) costs, borne by the contracting authority or other users, such as: (i) costs relating to acquisition, (ii) costs of use, such as consumption of energy and other resources, (iii) maintenance costs, (iv) end of life costs, such as collection and recycling costs (Article 68 EU Procurement Directive 2.
Life Cycle Costing
Download Now Save slide Save slide Recommended Life cycle costing by Life cycle costing Mahesh kumar .G 1.4K views • 19 slides Life cycle costing by Life cycle costing chaitrachaitu7 573 views • 20 slides life cycle costing by life cycle costing Mohd Hisyam 90.6K views • 24 slides Presentation maintenance (lcc) by Life cycle cost analysis (LCCA) is an approach used to assess the total cost of owning a facility or running a project. LCCA considers all the costs associated with obtaining, owning, and disposing of an investment.
Learning Objectives After studying this topic you will: • be able to define Life Cycle Costing (LCC) • understand the objectives of LCC • know the components of total cost of building • understand the LCC techniques • understand the difficulties in assessing LCC • know how to conduct LCC • understand the implementation problem A PPT template on Life Cycle Costing is ready to download and is available in two color themes. The set is available for MS PowerPoint, Google Slides, and Apple Keynote. With Animated PPT. Life Cycle Costing. Rating: 0 % of 100. Be the first to review this product. 74 Downloads so far
Life Cycle Costing In Construction / Life Cycle Costing / Life cycle costing (lcc) as a
PowerPoint presentation slides: Presenting life cycle costing ppt samples download. This is a life cycle costing ppt samples download. This is a four stage process. The stages in this process are value chain, balanced scorecard, life cycle costing business process improvement. Life Cycle Costing - Free download as Powerpoint Presentation (.ppt / .pptx), PDF File (.pdf), Text File (.txt) or view presentation slides online. Life Cycle Costing
