Course description
Life Cycle Costing enables asset managers, project sponsors and delivery teams to evaluate the combined capital and operating costs of different ways of managing built assets and delivering construction projects. Assets can range from entire estates down to specific systems and components and projects can range in size from small plant replacements, to major refurbishment and new-build works. But the same life cycle costing principles must be applied in each case.
Life Cycle Costing is part of the best-value assessment required by Treasury guidance and also helps projects gain BREEAM credits.
This course takes delegates from the very basics of Life Cycle Costing, through to advanced applications of the technique in realistic situations.
There is an option to attend Day 1 only, which will explain the basics and give delegates an appreciation of what life cycle costing can do.
Upcoming start dates
Suitability - Who should attend?
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.
The course will help those commissioning life cycle cost studies to understand what their life cycle costing consultants have reported back to them. It will also help product manufacturers to calculate the life cycle costs of their products against generic competitor offerings.
Outcome / Qualification etc.
Day 1:
- Learn what Life Cycle Costing is.
- Find out what sources of information are available for activity costs and component life expectancy.
- Understand the Net Present Value technique for calculating life cycle costs for both one-off and recurring costs.
Day 2:
- Understand the complexity of sensitivity analysis, including the limits of what can be calculated without advanced statistical techniques.
- Develop a deeper understanding of how life cycle costs can be interpreted and used to prioritise projects within limited budgets and calculate forward expenditure predictions.
Why choose BSRIA Ltd
BSRIA - founded in 1955. Dedicated to 'Making Buildings Better'
1,000's of course participants receiving industry recognised knowledge
98% satisfaction
Expenses
Classroom /Virtual Classroom
- 1st delegate: £665.00 (£520.00 for BSRIA Members)
- Subsequent delegates: £620.00 (£470.00 for BSRIA Members)
In-Company
- Once a booking for in-company training is received, BSRIA will be in touch to clarify your objectives and confirm delivery location, dates, and fees. Be advised, additional fees may be applied for travel and subsistence.
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BSRIA
Our mission is to make buildings better, and we support industry in designing and operating buildings that perform well economically, socially, and environmentally. We do this through providing independent testing of products and buildings throughout the construction industry; the sale,...