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LIFE CYCLE COSTING (LCC)

Training Syllabus:
LIFE CYCLE COSTING (LCC)

TRAINING INTRODUCTION :
Life Cycle Costing (LCC) also called Whole Life Costing is an economic assessment of an item, system or facility, considering all the significant costs of ownership over its economic life, expressed in terms of equivalent dollars/euros. LCC is important because the visible costs of any acquisition/purchase represent only a small proportion of the total cost of ownership. Another important reason for LCC is due to a strong relationship between operation and maintenance costs and the functionality and reliability of the item. Therefore, the application of LCC requires a sufficient engineering knowledge.
LCC itself is a structured approach that addresses all elements of ownership costs in relation with the functionality and reliability performance of the item. The results of an LCC analysis, one of them is a cost profile of the product or service over its anticipated life-span, can be used to assist management in the decision-making process where some options exist. Major area of LCC applications are in hardware acquisition process, modification of hardware and software, and in reduction of operation and maintenance costs.
LCC consists of Life Cycle Cost model development and the Life Cycle Cost model application for each option. The primary activities of the Life Cycle Cost model development are the Cost Breakdown Structure (CBS) development and the selection of cost component estimation method. The output of LCC is a Life Cycle Cost estimate, including its distribution on a time scale, cost drivers, sensitivity of the estimate to particular parameters and the risk due to uncertainty of design parameters.

HOW YOU CAN BENEFIT FROM THIS TRAINING :
1. To improve costs awareness. Application of LCC will improve awareness of the management and engineers on the factors that drive cost and the resources required by the item, so that cost reduction program is possible.
2. Whole life costs evaluation. LCC allow evaluation of competing options on the basis of whole life costs.
3. Trade-off performance against cost. When assessing options, cost is not the only factor to be considered. There are other factors such as the compliance to the specified performances and the levels of service to be provided.
4. Maximize revenue. By applying LCC, the operation and maintenance costs are reduced without sacrifying the performance of the production equipment through analysis of the performance parameters and cost drivers.
5. Specific for engineers, this course will describe the relationship between the functional and reliability performances and costs. This makes possible to identify specifications which resulting in high Life Cycle Cost.
6. Understand the procedure to implement LCC including the development of Life Cycle Cost model for various applications.
7. Understand the theoretical background of time value of money and risk analysis as well as their impact on decision making process.

WHO SHOULD ATTEND THIS TRAINING ?
a. Engineers (Engineering, Reliability, Maintenance)
b. Purchasing engineer/manager
c. Project Engineer
d. Process & Manufacturing Engineer
e. Maintenance Manager/ Supervisor
f. Other professional who wants to have a better understanding and take advantage from the course.

TRAINING MATERIAL OUTLINE :
1. Why LCC?
2. LCC and system effectiveness.
3. Various economic evaluation.
4. LCC procedure.
5. Cost Breakdown Structure (CBS)
6. Cost Estimation Methods.
7. Time value of money
8. Risk analysis
9. Cost drivers identification
10. Area of LCC applications.
11. LCC model development.
12. LCC for hardware acquisition.
13. LCC for hardware modification.
14. LCC for maintenance optimization.
15. Interactive discussion

VENUE : Kagum Group Hotel Bandung (Golden Flower, Banana Inn, Serela, Gino Feruci), Amaroossa Hotel, Noor Hotel, Grand Setiabudi Hotel, dll

TRAINING DURATION : 3 days

TRAINING TIME :

Januari 2024Februari 2024Maret 2024April 2024
3 – 5 Januari 20245 – 7 Februari 20244 – 6 Maret 20241 – 3 April 2024
8 – 10 Januari 202412 – 14 Februari 202412 – 14 Maret 202422 – 24 April 2024
15 – 17 Januari 202419 – 21 Februari 202418 – 20 Maret 202429 April – 1 Mei 2024
22 – 24 Januari 202426 – 28 Februari 202425 – 27 Maret 2024
29 – 31 Januari 2024
Mei 2024Juni 2024Juli 2024Agustus 2024
6 – 8 Mei 20243 – 5 Juni 20241 – 3 Juli 20245 – 7 Agustus 2024
13 – 15 Mei 202410 – 12 Juni 20248 – 10 Juli 202412 – 14 Agustus 2024
20 – 22 Mei 202419 – 21 Juni 202415 – 17 Juli 202419 – 21 Agustus 2024
27 – 29 Mei 202424 – 26 Juni 202422 – 24 Juli 202426 – 28 Agustus 2024
29 – 31 Juli 2024
September 2024Oktober 2024November 2024Desember 2024
2 – 4 September 20241 – 3 Oktober 20244 – 6 November 20242 – 4 Desember 2024
9 – 11 September 20247 – 9 Oktober 202411 – 13 November 20249 – 11 Desember 2024
16 – 18 September 202414 – 16 Oktober 202418 – 20 November 202416 – 18 Desember 2024
23 – 25 September 202421 – 23 Oktober 202425 – 27 November 202426 – 28 Desember 2024
28 – 30 Oktober 2024

INVESTMENT PRICE/PERSON :
1. Rp 6.750.000/person (full fare) or
2. Rp 6.500.000/person (early bird, payment 1 week before training) or
3. Rp 6.250.000/person (if there are 3 or more participants from the same company)

FACILITIES FOR PARTICIPANTS :
1. Training Module
2. Flash Disk contains training material
3. Certificate
4. Stationeries: NoteBook and Ballpoint
5. T-Shirt
6. Backpack
7. Training Photo
8. Training room with Full AC facilities and multimedia
9. Lunch and twice coffeebreak every day of training
10. Qualified Instructor