Lifecycle costing
When companies assess a product, solution or technology, lifecycle cost and its impact on long-term profitability is an obvious part of investment calculations. Still many decision-makers seem to be making decisions based on today's cost, with little consideration for the effect of the lifecycle cost (LCC).
Lifecycle costing is a challenging task due to many reasons; complex business environment, lack of information, conflicting arguments, no standard methods for calculating LCC. Only a few companies apply lifecycle costing even if strategically focused efforts on lifecycle costing can generate significant financial returns.
Invest for Excel® offers you an easy-to-use tool for managing all financial parameters of LCC. The key in using the software is that the user can focus on analysis of his business case, while the software guides the user through the calculation process.