Governments often struggle to properly fund asset maintenance and as a result end of replacing assets sooner. This session will provide an introduction to life cycle costing and explain how governments can implement this strategy to save money and more effectively maintain assets. Topics covered will include what is life cycle costing, why finance officers should be interested, how governments that have successfully implemented it, and some of the various benefits they have reaped from it. Life cycle costing is integral to an organization's ability to efficiently and effectively allocate scare resources to get the best return on investment for your capital assets.
From the Cradle to the Grave: Life Cycle Costing
Tuesday, May 21, 2019 - 10:20am to 12:00pm
Field of Study:
Specialized Knowledge & Applications