This course provides participants with a solid foundation in the application of life cycle costing (LCC) methods to mining plant and equipment. It focuses on teaching participants how to use LCC principals to solve real world problems and to assess investments using reliability financial modelling and sensitivity analysis.
Course delivered from Johannesburg, times are South African Standard Time (SAST).
What is Life Cycle Costing (LCC), practical applications of the LCC method, and terms & definitions.
Model structure / maintenance strategy, condition based maintenance (purpose, method, LCC, maintenance strategy), process for model development, and validating models.
Understanding the asset operating context, key risk drivers, and identify & evaluate risk.
Types of investment analysis, net present value, and equivalent unit cost (EUC).
Budgeting & forecasting, equipment selection / bids / assessments, dynamic life cycle costing, strategy optimisation, and replace verse rebuild decisions.
Discuss real world situations bringing together the different elements of LCC presented during the course