Asset Life Cycle Costing

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Course Overview:

Rising asset capital cost and complexity have resulted in a surge in operational and financial risk, such as the consequences of catastrophic failure. This has intensified pressure from shareholders and regulatory bodies to improve asset lifecycle costing and reporting. Companies have begun to think more strategically about their assets, demand for a more integrated approach has steadily increased.

This training focuses on delivering a comprehensive understanding of whole of life-cycle cost (WLCC) of asset ownership through predictive life-cycle cost of ownership modelling. It also addresses the fact that cost is a component of the Whole of Life-Cycle “performance” of physical assets because, asset performance over the life-cycle involves other dimensions that need to be considered and taken into account. These will be catalogued and evaluated in determining how to effectively account for non-financial elements in the decision making process with specific regard to how today’s asset related decisions may impact future organisational risk profiles.

Learning Objectives:

• The ability to generate optioneering models demonstrating the balance between capital intensity and operational performance taking account of possible future business specific dynamics and facilitating the application of multifarious and potentially diverse assumptions relating to potential political, economic, social, technical, legal and environmental influences on future business outcomes.

• The ability to develop and apply predictive modelling techniques in evaluating potential future business outcomes of asset acquisition decisions made in todays’ world based on possible future scenarios.

• The process and techniques can be applied in evaluating new capital investment alternatives as well as sustaining capital alternatives.

• Provides decision makers with a verifiable and informed process for investment and business decision making as well as providing robust means of engaging options considered through that process.

Who should Attend?

• Asset Managers

• Asset Operations Managers

• Asset Planning Managers

• Asset Maintenance Specialists

• Maintenance Managers

• Maintenance Superintendents

• Plant Managers

• Operation Managers

• Production Managers

• Cost Controllers

• Cost Estimation Manager

• Cost Accountants

• Management Accountants

Course Format:

• Approximately 45% of time is spent on the core instructional presentation.

• Approximately 55% of time is spent exercises and assessments.

• Workshop covers the major part of the course which involves building models to facilitate informed decision making.

Pre and Post course Assessments:

• Participants have to complete the pre-course test before entering the classroom. This is to validate their pre course learning.

• Participants have to complete post course test as well which is essential to validate their learning journey during the classroom immersion.

Course Incudes:

20 Hours
Lessons/ Topics/ Modules:
Course Completion Certificate:
Recorded Session Access:
3 months
Pre-Course Assessment:
Post Course Assessment: