Life Cycle Costing
Understanding the life cycle costs of an asset gives you the ability to optimize the investment in the asset. In order to understand life cycle you need to understand purchase costs, maintenance history and repair history. With this information you can begin to look at how much maintenance an asset should receive to extend its life and when an asset should ideally be replaced. These resources will help you understand costs and learn about possible asset maintenance among other things.
Resources
WEBINAR | EPA Tools for Small Public Water System Operators: Electronic Preventive Maintenance Logs
During this webinar, you will become familiar with EPA’s updated tool, “Preventive Maintenance for Small Public Water Systems Using Ground Water.” We...
WEBINAR: Asset Management Core Component 4 – Life Cycle Costing
This was an opportunity for water systems to participate in a training event that will help the utility answer the question, “How...
Understanding Life Cycle Cost
This short video presents basic concepts about assessing the life cycle cost of assets in a water system.