Course overview
Life Cycle Costing is an introduction that builds a solid working knowledge in Life Cycle Costing. It covers the principles, the requirements of ISO 55001, ISO 14224, SAE JA1011 and SMRP best practice, and the practical methods used on site, with case studies from operations in the Gulf, Africa and worldwide. Available online, in the classroom in 60 cities, or in-house.
What participants will be able to do
- Explain the principles, terminology and scope of Life Cycle Costing
- Apply the relevant requirements of ISO 55001, ISO 14224, SAE JA1011 and SMRP best practice
- Use practical tools, checklists and calculations with confidence
- Recognise common problems, risks and root causes and choose the right corrective action
- Prepare an improvement plan for their own site or organisation
Who should attend
Designed for maintenance engineers, planners, reliability engineers and supervisors, new joiners and anyone who needs a solid grounding in the subject.
Course outline (5 days)
- Day 1: Principles and terminologyScope, key definitions and how Life Cycle Costing fits into daily operations
- Day 2: Codes, standards and requirementsWhat ISO 55001, ISO 14224, SAE JA1011 and SMRP best practice require, and how to read them
- Day 3: Methods, tools and calculationsStep-by-step methods, checklists and worked examples
- Day 4: Operation, inspection and common problemsTypical failures, warning signs and what to do about them
- Day 5: Case studies, workshop and assessmentGroup exercise on real cases and a final knowledge check
What the 10-day edition adds
- Day 6: Applied project, part 1Apply the week-one methods to a case from your organisation
- Day 7: Data and digital toolsSoftware, spreadsheets and digital tools used in practice
- Day 8: Lessons from incidents and auditsWhat investigations and audit findings teach
- Day 9: Applied project, part 2Complete, test and refine your solution
- Day 10: Presentations and final assessmentPresent to the group and complete the final assessment
Training method and certificate
Interactive sessions, practical exercises, case studies and pre- and post-course assessments. Participants receive a Qimma Global Training certificate of completion stating the training hours (30 hours for 5 days, 60 hours for 10 days). Delivered in English or Arabic.
Dates 2027–2030
None of these dates work? We run this course for your team on the date and in the place you choose.
| Dates | City | Duration | Fee | |
|---|---|---|---|---|
| 1–5 Feb 2027 | Sharjah Classroom | 5 days | $5,500 | Register |
| 22 Feb – 5 Mar 2027 | Munich Classroom | 10 days | $9,900 | Register |
| 12–16 Jul 2027 | Paris Classroom | 5 days | $5,500 | Register |
| 1–12 Aug 2027 | Erbil Classroom | 10 days | $9,900 | Register |
| 1–5 Nov 2027 | Online (live) Online (live) | 5 days | $3,000 | Register |
| 14–18 Feb 2028 | Dublin Classroom | 5 days | $5,500 | Register |
| 28 Feb – 10 Mar 2028 | Stockholm Classroom | 10 days | $9,900 | Register |
| 13–17 Mar 2028 | Sharjah Classroom | 5 days | $5,500 | Register |
| 9–20 Apr 2028 | Amman Classroom | 10 days | $9,900 | Register |
| 22–26 May 2028 | Online (live) Online (live) | 5 days | $3,000 | Register |
| 8–12 Jan 2029 | Brussels Classroom | 5 days | $5,500 | Register |
| 21 Jan – 1 Feb 2029 | Sharm El Sheikh Classroom | 10 days | $9,900 | Register |
| 21–25 May 2029 | Dubai Classroom | 5 days | $5,500 | Register |
| 17–28 Jun 2029 | Erbil Classroom | 10 days | $9,900 | Register |
| 10–14 Sep 2029 | Online (live) Online (live) | 5 days | $3,000 | Register |
| 14–18 Jan 2030 | Milan Classroom | 5 days | $5,500 | Register |
| 2–13 Sep 2030 | Marrakech Classroom | 10 days | $9,900 | Register |
| 13–17 Oct 2030 | Erbil Classroom | 5 days | $5,500 | Register |
| 20–31 Oct 2030 | Algiers Classroom | 10 days | $9,900 | Register |
| 28 Oct – 1 Nov 2030 | Online (live) Online (live) | 5 days | $3,000 | Register |
Related courses
- QGT-MRE-136Life Cycle Costing: Advanced LevelAdvanced
- QGT-MRE-151Total Productive Maintenance (TPM): Practical WorkshopPractical workshop
- QGT-MRE-158Life Cycle Costing: Practical WorkshopPractical workshop
- QGT-MRE-180Life Cycle Costing MasterclassMasterclass
- QGT-MRE-188Digital Maintenance & Predictive Analytics MasterclassMasterclass