Sassda Life Cycle Costing (LCC)

LCC is a technique for quantifying costs of a project over a period of time.

Life cycle costing (LCC) is a technique developed for identifying and quantifying all costs, initial and ongoing, associated with a project or installation over a given period. As far as material selection is concerned, LCC enables potential long term benefits to be assessed against short term expediency. Material costs are assessed with their implications, for example, initial outlay, maintenance and its frequency, downtime affects, production losses, repair, replacement and other operationally related costs such as manpower and energy consumption. This free app is brought to you courtesy of SASSDA.