Cost Data includes all of the costs that an Asset or Group of Assets will incur throughout the life span of an asset. It is essential that all Cost Data is collected before and throughout the LCC Analyses to maximize reliability and accuracy.
For example, if the asset is a fleet of service vehicles, you would want to collect the following types of Cost Data:
By collecting all of the above Cost Data, you can create an analysis to maintain, track, and predict costs throughout the lifespan of the fleet of service vehicles.
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