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).
Please complete form below to register, seats are limited.
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All courses require a minimum number of participants to proceed.
August 21, 2023 @ 9:00 am
August 25, 2023 @ 12:00 pm
Remote via Webex
USD$1,300 ex taxes per person. Discounts available for multiple registrations.
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
April 24 @ 9:00 am - April 28 @ 12:00 pm
Mining for Non-Miners
May 15 @ 9:00 am - May 19 @ 12:00 pm
July 17 @ 9:00 am - July 21 @ 12:00 pm