Maintenance & Reliability

Life Cycle Costing: Foundations

This Life Cycle Costing training course (Foundations) is an entry-level programme that builds a solid working understanding for newcomers and cross-functional staff. It combines international standards with practical cases from the Gulf, Africa and Europe.

Code: MR114Level: FoundationsField: Maintenance & ReliabilityFormats: 5 or 10 days · classroom, online, in-house

Objectives

  • Explain the core principles, terminology and governing standards of Life Cycle Costing
  • Apply proven methods and tools for Life Cycle Costing to real workplace situations
  • Analyse performance data to find risks, gaps and improvement opportunities
  • Compare your practice with international benchmarks and regional case studies
  • Build a practical action plan to apply Life Cycle Costing in your organisation

Who should attend

Maintenance managers, planners, reliability engineers and condition monitoring staff.

Course outline — 5 days

  1. Day 1
    Principles, terminology and governing standardsLife Cycle Costing
  2. Day 2
    Methods, tools and calculationsLife Cycle Costing
  3. Day 3
    Operation, inspection and performanceLife Cycle Costing
  4. Day 4
    Risk, troubleshooting and case studiesLife Cycle Costing
  5. Day 5
    Best practice, assessment and action planLife Cycle Costing
10-day outline
  1. Day 1
    Principles, terminology and governing standardsLife Cycle Costing
  2. Day 2
    Methods, tools and calculationsLife Cycle Costing
  3. Day 3
    Operation, inspection and performanceLife Cycle Costing
  4. Day 4
    Risk, troubleshooting and case studiesLife Cycle Costing
  5. Day 5
    Best practice review and mid-course assessmentLife Cycle Costing
  6. Day 6
    Advanced analysis techniquesLife Cycle Costing
  7. Day 7
    Digital tools, data and softwareLife Cycle Costing
  8. Day 8
    Practical labs and simulationsLife Cycle Costing
  9. Day 9
    Regional benchmarks and lessons learnedLife Cycle Costing
  10. Day 10
    Capstone project and final assessmentLife Cycle Costing

Upcoming sessions 2027–2030

CityDatesDuration
Jeddah20 Aug 2028 – 24 Aug 20285 days
Sharm El Sheikh20 Nov 2028 – 24 Nov 20285 days
Accra17 Dec 2029 – 21 Dec 20295 days

No public session is listed yet. We can run this course in any city on your dates, online, or at your company.

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