Six-thinking Hats and Life Cycle CostingMethod to generate idea and analyse alternative in Value Management

Foo Hou Dick, Roszaimy Musa, Zulhairi Jaafar, Syamimi Nasin, Suhana Samsudin and Syazwani Ariffin

LIFE CYCLE COSTING

Source: Marquez et. al. (2009)

Strategy/Plan Design

Build/Procure/Acquire Installation Operation Maintenance

Modification/Refurbishment Disposal

Net Present Worth

Alternative 1 PV 1 PV 4 PV 7 PV 10 PV 13 PV 16 PV 19 PV 22 NPW 1Alternative 2 PV 2 PV 5 PV 8 PV 11 PV 14 PV 17 PV 20 PV 23 NPW 2Alternative 3 PV 3 PV 6 PV 9 PV 12 PV 15 PV 18 PV 21 PV 24 NPW 3

Cost 1 Cost 2 Cost 3 Cost 4

Total Cost

Pick item with the smallest NPW as the choice!

IMPLEMENTATION OF LCC IN VALUE MANAGEMENT

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