TRAINING LIFE CYCLE COSTING (LCC)

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TRAINING LIFE CYCLE COSTING (LCC)

TRAINING LIFE CYCLE COSTING (LCC) Training Trade-Off Performance Against Cost Training Cost Estimation Methods TRAINING INTRODUCTION : Life Cycle Costing (LCC) also called Whole Life Costing is an economic assessment of an item, system or facility, considering all the significant costs of ownership over its economic life, expressed in terms of equivalent dollars/euros. LCC is important because the visible costs of any acquisition/purchase represent only a small proportion of the…

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