SWFL - Life Cycle Costing

  • 18 Feb 2013
  • 5:30 PM - 7:30 PM
  • Charlotte County Administration Center 18400 Murdock Circle -- Port Charlotte FL 33948 Building Construction Services conference room
  • 18

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INTRO TO

LIFE CYCLE

COSTING



Monday, Feb 18th  -- 5:30pm - 7:30 pm
Charlotte County Administration Center
18400 Murdock Circle --  Port Charlotte FL 33948

Building Construction Services conference room


Chapter Members $5
Guests $15


GBCI CE Hours: 2

This class introduces the principles of Life Cycle Costing as a method of economic evaluation.
While emphasis is placed on evaluating the cost-effectiveness of energy-efficiency alternatives,
the principles can be applied to any economic decision that provides definable economic benefits. Architects and engineers can use these principles during the design phase identify the most cost-effective options, but real estate professionals, financiers, facility managers, and anyone in a position to make investment decisions affecting operating costs will also benefit from this class. Examples and sample problems will be demonstrated with Microsoft Excel, so
some familiarity with this spreadsheet program is expected. Participants will be able to construct simple economic models using Excel to evaluate their own investment decisions.

Learning Objectives- At the end of this course, attendees will be able to:
• Draw cash flow diagrams showing investments and incomes over time.
• Apply discount factors to defined cash flows and calculate life cycle costs of different
alternatives.
• Develop simple economic models in Microsoft Excel to evaluate investment decisions.
• Use these models to calculate life cycle costs, benefit-to-cost and savings-to-investment
ratios, and rates of return for different investment alternatives.
Syllabus:
I. Introduction: Purpose of Life Cycle Costing, applications, course objectives
II. Cash Flow Diagrams: How to illustrate cash flow over time
III. Definitions & Discount Factors: Equations to calculate value of money at different times.
IV. Spreadsheet Functions: Calculate time value of money at different times.
V. Escalation & Discount Rate: Consider the cost of money and effect of inflation.
VI. Life Cycle Cost Principles & Examples: Applications to investment decisions.
VII. Other Metrics: Alternative indicators of cost-effectiveness.
IIX. Sensitivity Analysis: Identifying factors that affect results.
IX. Summary: Review of materials and objectives.


Mark Stetz P.E. CMVP CRM BEAP
Stetz Consulting LLC
POB 3256, Durango, CO 81302 USA
Office: 970-422-1890 Mobile: 970-946-9150
E-mail: mark@stetzconsulting.com
Skype: mark.stetz
Web: http://www.stetzconsulting.com


USGBC Florida Gulf Coast Chapter, c/o Florida Atlantic University, College of Engineering and Computer Science,
777 Glades Road, Room EE 329, Boca Raton, FL 33431-0991, info@usgbc-fgc.org / 561-373-7367
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