BS ISO 15663-3:2001

1 Scope
2 Terms, definitions and abbreviated terms
3 Life-cycle costing within the asset life-cycle
  3.1 General
  3.2 Concept selection
  3.3 Outline design/FEED
  3.4 Detailed design
  3.5 Construction, hook-up and commissioning
  3.6 Operation and maintenance
  3.7 Disposal
4 Common implementation issues
  4.1 Summary
  4.2 The life-cycle costing coordinator
  4.3 Training and competence
  4.4 Preparation of a common and consistent source
      of data and assumptions
  4.5 The contract
  4.6 Data and uncertainty/new technology
5 The operator perspective
  5.1 General
  5.2 Commitment to life-cycle costing
  5.3 Life-cycle costing - A focal point
  5.4 Risk
  5.5 The contractual framework
6 The contractor perspective
  6.1 General
  6.2 Developing and organizing a capability
  6.3 Risk - A contractual perspective
7 The vendor perspective
  7.1 General
  7.2 The application of life-cycle costing for the vendor
  7.3 Profitability potential for vendors
  7.4 Communication
  7.5 Contracts
  7.6 Internal competence
Bibliography

Gives guidelines for the implementation of life-cycle costing for the development and operation of the facilities for drilling, production and pipeline transportation within the petroleum and natural gas industries. Applicable when making decisions on any option which has cost implications for more than one cost element or project phase. Applicable to all project decisions, but the extent of planning and management of the process will depend on the magnitude of the costs involved and the potential value that can be created.