Whole Life Costing

In order to fully understand the long-term implications of a complex engineering asset and its operating and support environments it is vital to understand the expected cost of that operation and support. Similarly, it is also vital that resources used for engineering analyses are targeted at the areas where they will do most good. This is achieved by identifying the major drivers behind support costs.

The understanding of the overall cost of support, and what drives that cost, is Whole Life Costing.

LSC Group has extensive experience in providing Cost of Ownership and Through-Life Cost studies at all points through the product life cycle. These studies include initial front end analysis modelling and ILS investment appraisals, through detailed residual life costing for current equipment, to providing detailed assistance in disposal or refurbishment decisions.

LSC Group is an active participant in the Defence Procurement Agency’s Pricing and Forecasting Group Enabling Contract. We regularly provide assistance in the generation of cost forecasts at all stages of the product life cycle. LSC Group is also actively involved in a variety of cost forecasting tasks for UK MoD projects and contractors.