The necessity of LCC in VE report to accelerate decision making (Jacqueline Fehmy)
Why life cycle costing is necessary in VE reports to accelerate decision making.
2:00 PM - 2:40 PMWed
How can LCC calculation in Value Engineering Report accelerate Decision Making?
• What’s LCC Life Cycle Costing
• Factors that affect the accuracy of costing
• The types of costs
• Key concepts about LCC
• Methods of LCC
Jacqueline will demonstrate how using LCC calculations in VE report could accelerate the decision making process . LCC ensures that all the ownership costs are known and calculated by the value engineering specialist and that his decision is not only based on the initial costs .It’s the best way to present the difference between different alternatives using the most effective method to accelerate decision making and assuring the best investment to deliver value. The techniques is applicable for projects, services, processes and products.