LCC Workflow

This workflow provides the basic, high-level steps for using this module. The steps and links in this workflow do not necessarily reference every possible procedure. For more procedures, see the links in the Related Information section.

  1. Define an Analysis to create a Life Cycle Cost Analysis.
  2. Create Scenarios to reflect the best forecast of life cycle costs for the defined period, using cost data to populate the Operating and Capital costs. Within the scenario, you will also develop and define an Operating Profile, Primary Element and Secondary Elements. Primary and Secondary elements can be defined and associated with asset hierarchy elements.
  3. Define cost elements.
  4. Import Cost Data or Manually Add Cost Data to associated scenario elements. After the costs are entered, they will be saved in the Cost Data grid where you can review them.
  5. Create resources applicable to your analysis, such as people, replacement parts, consumable parts, oils and lubricants, maintenance equipment, and tools.
  6. Analyze results of your Analysis.

Copyright © 2018 General Electric Company. All rights reserved.