Life-Cycle Cost Analysis (LCCA) is an economic analysis tool that allows transportation officials to quantify the differential costs of alternative investment options for a given project. LCCA can be used to study either new construction projects or to examine preservation strategies for existing transportation assets. This 3.5-hour class introduces several transportation related products, treatment types and practices for life cycle cost consideration.
Upon completion of the Understanding Life Cycle Costs and Optimum Treatment Types class, participants will be able to: 1. Explain life cycle cost terminology; 2. Perform a life cycle cost analysis; 3. Establish alternative strategies; 4. Determine net present value for different strategies; 5. Evaluate rehabilitation activities; and 6. Discount costs and benefits annually.
Module 1: Introduction
Module 2: The use of a LCCA with existing projects and new projects
Module 3: Alternative design treatments/options
Module 4: Road user impacts/costs
Module 5: Rehabilitation activities
Module 6: Preventive maintenance activities
Module 7: Maintenance Costs
Module 8: Comparing typical lifespan of strategies and activities
Module 9: Net present value
Module 10: Group Exercise
Who should take this class:
This class was developed for managers and analysists alike. Previous experience with understanding life cycle costs is not required. Tribal engineers, road supervisors, council members, crew leaders, equipment operators, and laborers will learn techniques critical for properly performing life cycle costs analysis.