chapter  5
Fundamentals of LCC Estimation
Pages 10

Execution of LCC analyses establishes a critical reference point in performing the entire subsequent procedure. Users concerned should be allowed to review analysis results to confirm that their needs are correctly interpreted and satisfactorily fulfilled. In this respect, a specific LCC Report, documenting LCC analysis results, could enable users to clearly understand analysis results and their implications, also taking into account limitations and uncertainties associated to results. Specifically, a summary of the LCC model is presented, including relevant assumptions, the LCC Breakdown Structure arrangement, the explanation of cost elements and of their evaluation and integration in the general Life Cycle Cost structure. Subsequently the results from the application of the LCC model are described, identifying major cost items and results of sensitivity analysis and of other analyses as appropriate.