Lifecycle Costing

Life cycle costing is a tool for assessing different project options that have been proven to meet the operational needs and determine the lowest cost to your business, lowest capital intensive solution or lowest operational costs through its lifetime. 

It can also be a useful tool for assisting in making decisions on whether to repair or replace an asset, by modeling when the repair costs for a set lifetime will exceed the capital cost of replacement. These results are essential when developing Asset Management Plans.

ARMS Reliability can provide analysts, engineering support, mentoring, facilitation, training and powerful and easy to use software to support life cycle costing analysis in your business.