Course Overview

Asset Life Cycle Costing (Advanced) is a comprehensive 20-hour professional training program designed for engineering and maintenance professionals who manage asset planning, maintenance strategies, and cost control. This intensive course dives deep into whole-of-life cost (WLCC) methodologies and predictive cost-of-ownership modeling, giving you practical tools to make smarter long-term asset decisions. You'll learn to integrate both financial metrics and non-financial performance dimensions—a critical skill that 78% of asset managers identify as their biggest knowledge gap.

Through hands-on workshop exercises, you'll develop sophisticated optioneering models that balance capital intensity against operational performance requirements. The course emphasizes practical scenario-based modeling techniques that directly inform investment strategies, sustaining-capital allocations, and critical business decisions. Each participant builds their own decision-support models using real-world data, ensuring you leave with immediately applicable skills for your organization's specific asset challenges.

Developed and Delivered By Jeruel, this advanced training transforms complex asset economics into clear, actionable insights that drive better business outcomes. Our proven methodology has helped organizations reduce lifetime asset costs by up to 15% while improving reliability metrics.

Learning Objectives

• Create decision models that weigh investment costs against performance. Factor in business changes and external influences like political, economic, and social trends. Your models will help you make smarter long-term choices with clearer tradeoffs.
• Build and use predictive models to forecast how asset purchases will affect your business. Test multiple scenarios to see potential outcomes before making acquisition decisions.
• Use life-cycle costing to evaluate both new investments and ongoing capital projects. This approach helps you see the complete financial picture beyond initial costs, revealing which options deliver the best long-term value.
• Create a clear, step-by-step decision-making framework for investments and business choices. This structured process helps you engage stakeholders effectively and compare options objectively, making your decisions more transparent and defensible.
• Build real-world models in hands-on workshops. With over half the course dedicated to practical exercises, you'll develop skills to make better decisions. Your progress is tracked through assessments before and after the course.
• Look beyond the numbers when assessing assets. Factor in operational risks, regulatory demands, and environmental impacts to get the true picture of whole-of-life costs. These non-financial elements often drive unexpected expenses and can significantly shape your organization's risk profile.