Life Cycle Costing

The Life Cycle Cost (LCC) of an asset is defined as: "The total cost throughout its life including planning, design, acquisition and support costs and any other costs directly attributable to owning or using the asset".

Life Cost Analysis enables the creation, operation and disposal costs of a selected equipments to be monitored throughout its life to enable accurate and timely decision-making as to how these costs can be minimised. Where ownership of the asset changes over time, each owner, takes responsibility for decisions required during the period of ownership only.