Develops Life Cycle Cost Processes and Procedures

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Name:	Develops Life Cycle Cost Processes and Procedures
Acronym:
Type:	Competency Set 113

Parent Discipline

Business Management

Child Competency Unit

Specify unit costs in all key stages of the asset management lifecycle
Assess and define the process for monitoring AM unit costs which is aligned with the unit cost specifications.

Definition:

Creates and specifies the defined activities, steps and decisions associated with the sum of acquisition cost and ownership costs of a physical asset over its life cycle.

Resource:

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