Life Cycle Cost Analysis
How do I Perform Life Cycle Cost Analysis?
When you have created the cost structure and assigned the cost functions to the appropriate cost objects in the tree, all that remains is for you to choose the time sequences to be used and run the calculation. This phase may be carried out by another person since it does not require an in-depth knowledge of the cost functions.
The variable values could be set at this stage since all that is required is that the values are input into simple dialogs. You can then run the calculation at the click of a button. You can easily re-run the calculation with different variable values to carry out 'what if' studies using the sensitivity study option.
- Cost and cumulative cost is calculated for each cost function at each time point in each time sequence.
- Cost and cumulative cost is displayed for the whole project at each time point in each time sequence.
- Any User Functions are calculated.
LccWare also provides comprehensive facilities for debugging the cost functions. These allow the user to place breakpoints in the cost functions. step in and out of functions and to examine the values of variables.
The screen shot below shows the Run Analysis dialog with the results for a completed analysis displayed:
