This course focuses on the Life Cycle Costing (LCC) of construction projects. It covers total cost items of project life cycle including costs of planning, design, acquisition, operation and maintenance, and disposal. Economic analysis concepts and methods are utilized to conduct LCC analysis. It also covers the concepts of depreciation, tax regulations, replacement and breakeven analysis, sensitivity analysis and uncertainties, risk analysis, forecasting techniques, and multi-attributed decision making. In addition, the course introduces graduates to the concepts of Life cycle costing in the asset management, and Managing Buildings through the whole LC Asset Management Methodologies including the asset deterioration, energy consumption, etc. Computer applications for LCC is introduced in this course. The course also aims to enhance the written and oral communication skills necessary, open group discussions, and team work A project is required.
Course ID: MCEM 612
| Credit hours | Theory | Practical | Laboratory | Lecture | Studio | Contact hours | Pre-requisite | 3 | - | - |
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