🔥🔥 Don’t Miss Out on Our End of Autumn Sale. If you have any questions, feel free to click the bottom right corner to contact our customer service..

Concat us[email protected]
Shopping Cart

No products in the cart.

🔍
BS EN 60300-3-3:2017

BS EN 60300-3-3:2017

$189.07

Dependability management – Application guide. Life cycle costing

Published By Publication Date Number of Pages
BSI 2017 50
PDF Format Searchable Printable Preview Now
Guaranteed Safe Checkout
Categories: ,

If you have any questions, feel free to reach out to our online customer service team by clicking on the bottom right corner. We’re here to assist you 24/7.
Email:[email protected]

IEC 60300-3-3:2017 establishes a general introduction to the concept of life cycle costing and covers all applications. Although costs incurred over the life cycle consist of many contributing elements, this document particularly highlights the costs associated with the dependability of an item. This forms part of an overall dependability management programme as described in IEC 60300-1. Guidance is provided on life cycle costing for use by managers, engineers, finance staff, and contractors; it is also intended to assist those who may be required to specify and commission such activities when undertaken by others. This third edition cancels and replaces the second edition published in 2004. This edition constitutes a technical revision. This edition includes the following significant technical changes with respect to the previous edition: – addition of a complete analysis process; – greater reference to international accounting practices; – increased discussion of financial concepts.

PDF Catalog

PDF Pages PDF Title
2 National foreword
6 English
CONTENTS
9 FOREWORD
11 INTRODUCTION
12 1 Scope
2 Normative references
3 Terms, definitions and abbreviated terms
3.1 Terms and definitions
15 3.2 Abbreviated terms
4 Concepts of life cycle costing
4.1 Objectives of life cycle costing
16 4.2 Application of life cycle costing
17 4.3 Factors influencing LCC
4.4 Factors related to dependability
18 5 Life cycle costing process
5.1 General
5.2 Establish the organizational context
5.2.1 Formulate the context
19 Figures
Figure 1 – Life cycle costing process
20 5.2.2 Identify alternatives
5.3 Plan the analysis
5.3.1 Define scope and objectives of the analysis
5.3.2 Define analysis tasks and identify contributing personnel
21 5.3.3 Identify constraints
5.3.4 Identify relevant financial parameters
22 5.4 Define the analysis approach
5.4.1 Establish rules/methodology
5.4.2 Select or develop an LCC model
23 5.4.3 Define the cost breakdown structure
Figure 2 – Cost breakdown structure concept
24 5.4.4 Identify areas of uncertainty
25 5.5 Perform the analysis
5.5.1 Establish methods for estimating cost elements
5.5.2 Collect cost data
26 5.5.3 Aggregate cost per item for each stage or time period
5.5.4 Perform LCC and sensitivity analysis
5.5.5 Review analysis
5.5.6 Assess achievement of analysis objectives
27 6 Finalize the analysis
6.1 Identify follow-up actions
6.2 Document analysis
28 Annex A (informative) Life cycle costing and the life cycle
A.1 General
29 A.2 Typical LCC analyses
A.3 Committed versus actual costs
Figure A.1 – Typical analyses across the life cycle
30 Figure A.2 – Example of committed and actual costs
31 Annex B (informative) Financial concepts
B.1 General
B.2 Consequential costs
32 B.3 Warranty costs
B.4 Liability costs
33 B.5 Opportunity costs, discounting, inflation and taxation
B.5.1 General
B.5.2 Opportunity costs
B.5.3 Taxation
B.5.4 Exchange rate
B.5.5 Generally accepted accounting principles
34 Annex C (informative) Application of financial evaluation techniques
C.1 General
C.2 Discounted cash flow (DCF)
C.3 Internal rate of return (IRR)
C.4 Depreciation and amortization
C.5 Cost-benefit analysis
35 C.6 Time value of money
36 Annex D (informative) Cost breakdown structures by life cycle stage
D.1 General
D.2 Life cycle stage cost element
D.2.1 General
D.2.2 Concept
D.2.3 Development
37 D.2.4 Realization
D.2.5 Utilization
38 D.2.6 Enhancement
D.2.7 Retirement
D.3 Cost element explanation
D.3.1 General
39 D.3.2 Project management
D.3.3 Engineering
D.3.4 Producibility engineering and planning
D.3.5 Manufacturing
D.3.6 Facilities
D.3.7 Support and test equipment
D.3.8 Initial training
D.3.9 Initial spares and repair parts
D.3.10 Consumables
D.3.11 Contractor services
40 Annex E (informative) Evaluating intangibles
E.1 General
E.2 Intangibles
41 E.3 Valuing methods
42 Annex F (informative) Methods for estimating cost elements
F.1 General
F.2 Parametric cost method
Figure F.1 – Potential sources of costs
43 Figure F.2 – Example of cost elements used in a parametric cost analysis
44 F.3 Analogous cost method
F.4 Engineering cost method
46 Annex G (informative) Example of LCC comparison
G.1 General
G.2 Simple example of LCC comparison
G.2.1 General
G.2.2 Configuration option 1
G.2.3 Configuration option 2
G.2.4 Configuration option 3
47 G.2.5 Configuration option 4
G.2.6 LCC calculation
Table G.1 – Summary of LCC comparison
48 Bibliography

Related products

BS EN 60300-3-3:2017
$189.07