Benefits in Life Cycle Costing Analysis

[lshkenny1968]

Four major benefits of LCC Analysis:

- Evaluation of competing options in purchasing
- Improved awareness of total costs
- More accurate forecasting of cost profiles
- Performance trade-off against cost.

[Asif]

what do u mean by ur 1st point nd 4 pt

[Vandana]

Aha! I was hoping that someone would challenge IshKenny about that. Remember, whenever you post anything, or more importantly, whenever you write your answer in the exam, you need to show the examiner you know what you are talking about. This will only happen if you explain your answer.

Ishkenny, can you try to rephrase your points above, explaining WHY each of your points are a benefit of LCC? This will give you practice and let's see if our students understand it!