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Process
Process
Define the analysis Objectives in terms of outputs required to assist management decisions . Define Scope of Analysis . Identify Underlying conditions,assumptions,limitations and constraints . Identify alternative courses of actions. Provide an estimate of resources required and reporting schedulefor the analysis .
Process
Create or Adopt cost breakdown structure identifying relevant cost strategies . Select method for estimating cost associated with each cost element . Determine data required to develope the estimates. Identify uncertainties Review
Process
Process
Process
Review and Developement of LCC Model as a real-time cost control mechanism Targets set for operating costs and their frequency of occurance Implement And Monitor Life cycle cost analysis Continuos monitoring of actual performance of asset during Operation and maintenance to identify areas for cost saving. Feedback for future life cost planning activities