The Life Cycle Cost Analysis course is designed to provide the student with the ability to evaluate the total cost of ownership of an asset by applying different operating scenarios to a model. The data collected will help to make more informed decisions regarding that asset. Topics include the basic Life Cycle Cost Analysis workflow, cost data, and analysis results. The course uses media elements and software simulations for building skills essential to developing a Life Cycle Cost Analysis.
Audience
This class is designed for:
End Users
Analysts
Analytics Engineers
Reliability Engineers
When you complete this course, you will be able to:
Understanding the components of a Life Cycle Cost Analysis.
Understanding the basis Life Cycle Cost Analysis workflow.
Define the Life Cycle Cost Analysis.
Define Scenarios for the Life Cycle Cost Analysis.
Define Cost Elements and Operating Profile.
Understanding the benefits of Importing Cost Data.
Import and manually enter Cost Data for Scenarios.
Create resources to be included in the Operating Cost totals.
Review the charts and cost grids that reflect current analysis results.
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