Course Overview

Asset Life Cycle Costing develops a whole-of-life approach to evaluating asset options. The course connects acquisition costs with the operating, maintenance, and lifecycle requirements that shape long-term value. Participants examine how financial analysis can be combined with performance, risk, and service considerations to support asset investment decisions.

The program focuses on constructing decision models, comparing scenarios, and making assumptions visible. It explores how different operating conditions and business priorities affect the assessment of new investment and sustaining-capital options. Participants develop a structured way to compare alternatives and explain their recommendations, giving technical and financial stakeholders a shared basis for discussing asset choices.

Learning Objectives

By the end of the course, participants will be able to:

• Identify the cost and performance inputs required for a whole-of-life asset evaluation.
• Structure a lifecycle cost model with clearly stated assumptions and evaluation boundaries.
• Compare asset options using acquisition, operating, and maintenance cost considerations.
• Examine how alternative scenarios influence ownership-cost estimates and option rankings.
• Incorporate operational risk, environmental considerations, and applicable requirements into option assessment.
• Present a transparent decision process for new investment and sustaining-capital proposals.

Practical Application

Apply lifecycle costing to develop a clearer view of the long-term implications of asset decisions.

• Informed investment comparisons: Evaluate proposed assets against the same lifecycle boundaries, performance expectations, and cost assumptions.
• Clear capital priorities: Compare sustaining-capital options in terms of their expected contribution to service, cost, and asset performance.
• Transparent business cases: Explain how assumptions and scenario choices shape a recommendation so stakeholders can review its basis.