Being able to carry out life cycle costings enables project teams to demonstrate that they have considered the environmental and economic impacts of their decisions and chosen the best materials and products for the project.
From £310 + VATBook now
This practical course will help you taking your knowledge of life cycle costing principles to the next level by explaining how to make accurate costing calculations and exploring the application of life cycle costing for cash flow predictions and option appraisal exercises.
By the end of the day, you will feel confident in your ability to undertake a life cycle costing project and demonstrate to clients and your company, the best approach to a project.
Building on your knowledge of the principles of life cycle costing, the day will take you through the main items that must be considered when setting up an LCC model, including how to deal with risk management and carrying out sensitivity analysis. You will have the opportunity to test the impact of changing key variables such as the period of analysis and discount rate through practical examples facilitated by the subject matter expert as well as linking these to the new RICS Component Life Cycle tool.
The session also covers the validation and interpretation of the results obtained from an LCC estimate and how these should be reported to the client.
This course is particularly suited to practitioners such as Quantity Surveyor; Associate Quantity Surveyor, Project Surveyor, Cost Advisers, Engineers, Consultants as well as to Clients, Estate Managers, Property and Facility Managers who wants to get a deeper comprehension on the LCC tool and its application.