Total Cost of Ownership: Becoming Better Stewards of our Assets
The facilities and infrastructure industry has accepted new projects based on the first cost of the project. This has not served organizations well as owners get saddled with a facility they do not have the resources to operate or maintain. This creates an unsustainable long-term situation often leading to additional expense and premature failures. APPA as a standards development organization (SDO) is in the processes of developing a new ANSI standard, Part 1, Principles was delivered 2017, Part 2 Implementation is now under development. This session will provide an understanding of the standard and how it can be applied.
1. Participants will learn what TCO entails and how it differs from LCC.
2. Participants will learn what the thirteen principles of TCO are and how to apply them.
3. Participants will learn what the five use cases are of TCO.
4. Participants will learn how TCO and BIM are mutually important.