Applies Life Cycle Cost Processes and Procedures

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Name:	Applies Life Cycle Cost Processes and Procedures
Acronym:
Type:	Competency Set 43

Parent Discipline

Business Management

Child Competency Unit

Capture and analyse AM unit cost data in accordance with the unit cost monitoring process
Update whole life cost calculations in light of changes to costs
Establish acceptable tailoring and application policies and procedures, with approval requirements.

Definition:

Applies 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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