D2: Life Cycle Cost Analysis  

Wednesday - Thursday, June 19-20, 2019
1.2 CEUs

VPTechBoard_LarryDysert2 Instructor:  Larry Dysert, CCP CEP DRMP FAACE
 Larry is the Managing Partner of Conquest Consulting Group (CCG). Larry has  been actively involved in many of CCG's consulting areas, including providing cold-eyes estimate reviews, estimate preparation, cost engineering organizational development, project controls, risk management and training.

Larry has over thirty-eight years of project estimating, management, consulting, and training experience in the chemical, petroleum, oil sands, high technology, manufacturing, and construction industries. Larry was a Lead Estimator with Intel Corporation, a Senior Project Estimator with Eastman Kodak Company, and a Senior Estimator with Fluor Corporation.

Larry is a frequent presenter and author on estimating and cost engineering topics. Larry is a Certified Cost Professional, Certified Estimating Professional, and Decision and Risk
Management Professional. Larry is also an Award of Merit recipient, Honorary Lifetime Member, and Fellow of AACE International. Larry is currently the Vice-President of the Technical Board for AACE International.



Description

Life Cycle Cost Analysis (LCCA) is an economic evaluation in which all of the costs involved in
asset ownership including procurement, construction, operation, maintenance, and eventually
disposal are considered to support decision-making. LCCA is particularly useful in the
evaluation of the total cost of ownership between competing alternatives. The objective of this
course is for each participant to gain an understanding of the terminology, elements, process
steps, calculations, and evaluations involved in performing life cycle cost analysis.

Content:  Intermediate

Key Learning Objectives

Develop an understanding of Life Cycle Cost Analysis, and position the participants to be
better prepared to support their organizations in improving project decision making based on
the evaluation of value across the asset life cycle.

Knowledge Areas
Asset Management, Objectives of Life Cycle Analysis, Life Cycle Cost Methodology, Value-
Based Decision Making, Total Cost Management

 

Course Outline


Wednesday Afternoon

  • Introduction to Life Cycle Cost Analysis
    • Asset Lifecycles
    • Objectives of Life Cycle Cost Analysis
  • Life Cycle Cost Analysis Methodology
    • Terminology
    • Process Steps of Analysis
    • Components of Analysis
    • Selection of Alternatives

Thursday

  • Life Cycle Cost Analysis Methodology (continued)
    • Discounting and Inflation in Life Cycle Cost Analysis
    • Cost Estimating to Support Life Cycle Cost Analysis
    • Evaluation of Life Cycle Costs
      • Practical Exercises Developing LCCA Models
    • Incorporating Uncertainty into Life Cycle Cost Analysis
  • LCCA Summary
$1050 member / $1200 non-member

NOTE: Add $100 if you are not staying at the host hotel. Book your room before registering for the seminar to lock-in the rate listed above. Add $100 for on-site registration. Seminar is subject to cancellation if minimum enrollment is not met 30 days prior. 

Meetings & Events