IEC 60300-3-3:2017

FOREWORD
INTRODUCTION
1 Scope
2 Normative references
3 Terms, definitions and abbreviated terms
4 Concepts of life cycle costing
5 Life cycle costing process
6 Finalize the analysis
Annex A (informative) - Life cycle costing and the
        life cycle
Annex B (informative) - Financial concepts
Annex C (informative) - Application of financial
        evaluation techniques
Annex D (informative) - Cost breakdown structures
        by life cycle stage
Annex E (informative) - Evaluating intangibles
Annex F (informative) - Methods for estimating
        cost elements
Annex G (informative) - Example of LCC comparison
Bibliography

IEC 60300-3-3:2017 establishes a general introduction to the concept of life cycle costing and covers all applications. Although costs incurred over the life cycle consist of many contributing elements, this document particularly highlights the costs associated with the dependability of an item. This forms part of an overall dependability management programme as described in IEC 60300-1. Guidance is provided on life cycle costing for use by managers, engineers, finance staff, and contractors; it is also intended to assist those who may be required to specify and commission such activities when undertaken by others. This third edition cancels and replaces the second edition published in 2004. This edition constitutes a technical revision. This edition includes the following significant technical changes with respect to the previous edition:
- addition of a complete analysis process;
- greater reference to international accounting practices;
- increased discussion of financial concepts.