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Abstract

This standard specifies requirements for undertaking life-cycle costing for the development and operation of facilities for drilling, production and pipeline transportation within the petroleum and natural gas industries.

Status
Withdrawn
Publication Date
05-Dec-2006
Withdrawal Date
22-Sep-2026
Current Stage
9960 - Withdrawal effective - Withdrawal
Start Date
17-Mar-2021
Completion Date
23-Sep-2026

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EN ISO 15663-1:2007

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EN ISO 15663-1:2007

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Frequently Asked Questions

EN ISO 15663-1:2006 is a standard published by the European Committee for Standardization (CEN). Its full title is "Petroleum and natural gas industries - Life cycle costing - Part 1: Methodology (ISO 15663-1:2000)". This standard covers: This standard specifies requirements for undertaking life-cycle costing for the development and operation of facilities for drilling, production and pipeline transportation within the petroleum and natural gas industries.

This standard specifies requirements for undertaking life-cycle costing for the development and operation of facilities for drilling, production and pipeline transportation within the petroleum and natural gas industries.

EN ISO 15663-1:2006 is classified under the following ICS (International Classification for Standards) categories: 75.020 - Extraction and processing of petroleum and natural gas. The ICS classification helps identify the subject area and facilitates finding related standards.

EN ISO 15663-1:2006 has the following relationships with other standards: It is inter standard links to EN ISO 15663:2021. Understanding these relationships helps ensure you are using the most current and applicable version of the standard.

EN ISO 15663-1:2006 is available in PDF format for immediate download after purchase. The document can be added to your cart and obtained through the secure checkout process. Digital delivery ensures instant access to the complete standard document.

Standards Content (Sample)


2003-01.Slovenski inštitut za standardizacijo. Razmnoževanje celote ali delov tega standarda ni dovoljeno.Industrija nafte in zemeljskega plina - Stroški življenjskega cikla - 1. del: Metodologija (ISO 15663-1:2000)Erdöl- und Erdgasindustrie - Betriebsdauerkosten - Teil 1: Methodik (ISO 15663-1:2000)Industries du pétrole et du gaz naturel - Estimation des couts globaux de production et de traitement - Partie 1: Méthodologie (ISO 15663-1:2000)Petroleum and natural gas industries - Life cycle costing - Part 1: Methodology (ISO 15663-1:2000)75.020Pridobivanje in predelava nafte in zemeljskega plinaExtraction and processing of petroleum and natural gas13.020.60Življenjski ciklusi izdelkovProduct life-cyclesICS:Ta slovenski standard je istoveten z:EN ISO 15663-1:2006SIST EN ISO 15663-1:2007en,fr01-maj-2007SIST EN ISO 15663-1:2007SLOVENSKI
STANDARD
EUROPEAN STANDARDNORME EUROPÉENNEEUROPÄISCHE NORMEN ISO 15663-1December 2006ICS 75.020 English VersionPetroleum and natural gas industries - Life cycle costing - Part1: Methodology (ISO 15663-1:2000)Industries du pétrole et du gaz naturel - Estimation descoûts globaux de production et de traitement - Partie 1:Méthodologie (ISO 15663-1:2000)Erdöl- und Erdgasindustrie - Betriebsdauerkosten - Teil 1:Methodik (ISO 15663-1:2000)This European Standard was approved by CEN on 12 November 2006.CEN members are bound to comply with the CEN/CENELEC Internal Regulations which stipulate the conditions for giving this EuropeanStandard the status of a national standard without any alteration. Up-to-date lists and bibliographical references concerning such nationalstandards may be obtained on application to the Central Secretariat or to any CEN member.This European Standard exists in three official versions (English, French, German). A version in any other language made by translationunder the responsibility of a CEN member into its own language and notified to the Central Secretariat has the same status as the officialversions.CEN members are the national standards bodies of Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France,Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania,Slovakia, Slovenia, Spain, Sweden, Switzerland and United Kingdom.EUROPEAN COMMITTEE FOR STANDARDIZATIONCOMITÉ EUROPÉEN DE NORMALISATIONEUROPÄISCHES KOMITEE FÜR NORMUNGManagement Centre: rue de Stassart, 36
B-1050 Brussels© 2006 CENAll rights of exploitation in any form and by any means reservedworldwide for CEN national Members.Ref. No. EN ISO 15663-1:2006: ESIST EN ISO 15663-1:2007

Foreword
The text of ISO 15663-1:2000 has been prepared by Technical Committee ISO/TC 67 "Materials, equipment and offshore structures for petroleum and natural gas industries” of the International Organization for Standardization (ISO) and has been taken over as EN ISO 15663-1:2006 by Technical Committee CEN/TC 12 "Materials, equipment and offshore structures for petroleum, petrochemical and natural gas industries", the secretariat of which is held by AFNOR.
This European Standard shall be given the status of a national standard, either by publication of an identical text or by endorsement, at the latest by June 2007, and conflicting national standards shall be withdrawn at the latest by June 2007.
According to the CEN/CENELEC Internal Regulations, the national standards organizations of the following countries are bound to implement this European Standard: Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland and United Kingdom.
Endorsement notice
The text of ISO 15663-1:2000 has been approved by CEN as EN ISO 15663-1:2006 without any modifications.
ReferencenumberISO15663-1:2000(E)©ISO2000INTERNATIONALSTANDARDISO15663-1Firstedition2000-08-01Petroleumandnaturalgasindustries—Lifecyclecosting—Part1:MethodologyIndustriesdupétroleetdugaznaturel—Estimationdescoûtsglobauxdeproductionetdetraitement—Partie1:MéthodologieSIST EN ISO 15663-1:2007

ISO15663-1:2000(E)PDFdisclaimerThisPDFfilemaycontainembeddedtypefaces.InaccordancewithAdobe'slicensingpolicy,thisfilemaybeprintedorviewedbutshallnotbeeditedunlessthetypefaceswhichareembeddedarelicensedtoandinstalledonthecomputerperformingtheediting.Indownloadingthisfile,partiesacceptthereintheresponsibilityofnotinfringingAdobe'slicensingpolicy.TheISOCentralSecretariatacceptsnoliabilityinthisarea.AdobeisatrademarkofAdobeSystemsIncorporated.DetailsofthesoftwareproductsusedtocreatethisPDFfilecanbefoundintheGeneralInforelativetothefile;thePDF-creationparameterswereoptimizedforprinting.EverycarehasbeentakentoensurethatthefileissuitableforusebyISOmemberbodies.Intheunlikelyeventthataproblemrelatingtoitisfound,pleaseinformtheCentralSecretariatattheaddressgivenbelow.©ISO2000Allrightsreserved.Unlessotherwisespecified,nopartofthispublicationmaybereproducedorutilizedinanyformorbyanymeans,electronicormechanical,includingphotocopyingandmicrofilm,withoutpermissioninwritingfromeitherISOattheaddressbeloworISO'smemberbodyinthecountryoftherequester.ISOcopyrightofficeCasepostale56CH-1211Geneva20Tel.+41227490111Fax+41227490947E-mailcopyright@iso.chWebwww.iso.chPrintedinSwitzerlandii©ISO2000–AllrightsreservedSIST EN ISO 15663-1:2007

ISO15663-1:2000(E)©ISO2000–AllrightsreservediiiContentsPageForeword.ivIntroduction.v1Scope.12Terms,definitionsandabbreviations.22.1Termsanddefinitions.22.2Abbreviations.43Managementoflife-cyclecosting.43.1Objectives.43.2Rolesandresponsibilities.43.3Strategyandplanning.54Methodology.74.1Step1—Diagnosisandscoping.74.2Step2—DatacollectionandSBC.114.3Step3—Analysisandmodelling.124.4Step4—Reportinganddecision-making.145Assessmentandfeedback.155.1Objective.155.2Requirements.15Bibliography.17SIST EN ISO 15663-1:2007

ISO15663-1:2000(E)iv©ISO2000–AllrightsreservedForewordISO(theInternationalOrganizationforStandardization)isaworldwidefederationofnationalstandardsbodies(ISOmemberbodies).TheworkofpreparingInternationalStandardsisnormallycarriedoutthroughISOtechnicalcommittees.Eachmemberbodyinterestedinasubjectforwhichatechnicalcommitteehasbeenestablishedhastherighttoberepresentedonthatcommittee.Internationalorganizations,governmentalandnon-governmental,inliaisonwithISO,alsotakepartinthework.ISOcollaboratescloselywiththeInternationalElectrotechnicalCommission(IEC)onallmattersofelectrotechnicalstandardization.InternationalStandardsaredraftedinaccordancewiththerulesgivenintheISO/IECDirectives,Part3.DraftInternationalStandardsadoptedbythetechnicalcommitteesarecirculatedtothememberbodiesforvoting.PublicationasanInternationalStandardrequiresapprovalbyatleast75%ofthememberbodiescastingavote.AttentionisdrawntothepossibilitythatsomeoftheelementsofthispartofISO15663maybethesubjectofpatentrights.ISOshallnotbeheldresponsibleforidentifyinganyorallsuchpatentrights.InternationalStandardISO15663-1waspreparedbyTechnicalCommitteeISO/TC67,Materials,equipmentandoffshorestructuresforpetroleumandnaturalgasindustries.ISO15663consistsofthefollowingparts,underthegeneraltitlePetroleumandnaturalgasindustries—Lifecyclecosting:Part1:MethodologyPart2:GuidanceonapplicationofmethodologyandcalculationmethodsPart3:ImplementationguidelinesSIST EN ISO 15663-1:2007

ISO15663-1:2000(E)©ISO2000–AllrightsreservedvIntroductionThepurposeofthispartofISO15663istoprovideguidanceontheuseoflife-cyclecostingtechniqueswithinthepetroleumandnaturalgasindustry.Theprincipalobjectiveistospeedtheadoptionofacommonandconsistentapproachtolife-cyclecostingwithintheoilindustry.Thiswillhappenfasterandmoreeffectivelyifacommonapproachisagreedinternationally.Life-cyclecostingisthesystematicconsiderationofthedifferencebetweencostsandrevenuesassociatedwiththeacquisitionandownershipofalternativeoptionsrequiredtofulfilanassetneed.Itisaniterativeprocessofestimating,planningandmonitoringcostsandrevenuedifferencesthroughoutanasset'slife.Itisusedtosupportthedecision-makingprocessbyevaluatingalternativeoptionsandperformingtrade-offstudies.Whilethelargestbenefitscanbeachievedintheearlyprojectstagesofevaluatingmajorconfigurationoptions,itisequallyapplicabletoallstagesofthelifecycle,andatmanylevelsofdetail.Life-cyclecostingisdistinctfrominvestmentappraisalinthatitisnotconcernedwithdeterminingthefinancialviabilityofadevelopment.Itisconcernedonlywithdeterminingthedifferencesbetweencompetingoptionsandestablishingwhichoptionsbestmeettheowners'businessobjectives.Inthepast,thepetroleumandnaturalgasindustryhasassessedthefinancialviabilityofprojectoptionsonthebasisofminimumcapitalexpenditure:operatingexpenditureshaveplayedlittlepartinthedecision-makingprocess.Thishasignoredapotentiallylargecostandinmanycaseshasresultedinreducedassetvalue.Thisomissionisnowrecognizedbytheindustry.Asthenumberofnewlargedevelopmentshasdeclined,theemphasishasmovedtowardsthemaintenanceandupdateofexistingassets;naturallythishasfocusedmoreattentiononoperatingexpenditures.Inaddition,externalpressures,suchasalowandstaticoilprice,havefurtheraddedtothepressurestominimizecosts.Life-cyclecostingtechniquesareusedbyanumberofcompanieswithintheindustry.However,thedevelopmentofsuchtechniqueshasbeenpursuedindependentlyandtheirapplicationhasbeenpatchy,withlittleparticipationbythecontractorsandvendors—contractingforequipmentsupplyisstilllargelyonabasisofminimumcapitalexpenditure.Allparticipantsintheprocess—operators,contractorsandvendors—canhaveasubstantialimpactonthelife-cyclecostsofownership,anditisnotuntilallareinvolvedthatthebenefitssoughtfromtheuseoflife-cyclecostingwillberealised.Ifthisistobeachieved,acommon,consistent,industry-wideapproachisrequired.Wherethelife-cyclecostingapproachwasapplied,life-cyclecostingmethodsweredevelopedandvaluableexperiencewasgained.However,theapproacheswerediversewithvariablesuccess.Thisdiversityhascausedconfusionamongstcontractorsandvendors.Italsohasresultedinhigherengineeringandsupplycosts.Experienceindicatedthatthiscouldpotentiallyresultinlowqualityinformationbeingusedtosupportmanagementdecisions,inordertomaintainprojectschedulesandavoiddelay.Therefore,inaprojectcontext,aclear,welldefinedmethodologyisneededtodefinehow,when,whereandwhylife-cyclecostingneedstobeapplied.Ithasalsobeenrecognizedthatprojectandassetmanagementstaffneedaclearandunambiguousdefinitionoftheoveralleconomicobjectivesofaprojectandhowtoapplythesamebusinesscriteriawhenmakingmajorengineeringdecisions.Itisfurtherrecognizedthatlongtermmanagementcommitmenttolife-cyclecostingiscrucialforitssuccessfulimplementationintheprojectexecutionofanasset.Theprincipalbenefitsassociatedwiththesystematicapplicationoflife-cyclecostingmayincludeanyorallofthefollowing.ReduceownershipcostsOperatingcostsinotherindustriessuchasaircraft,defenceandautomotivehavebeensignificantlyreducedinthelastdecade.Whenusersbegintoconsideroperatingexpendituresbeforemakingdecisions,thewholesupplyindustrytakesadifferentapproachtoqualityandservice.SIST EN ISO 15663-1:2007

ISO15663-1:2000(E)vi©ISO2000–AllrightsreservedthealignmentofengineeringdecisionswithcorporateandbusinessobjectivesSoundbusinessprinciplesmustbeappliedtoallmajorengineeringdecisionsifthebusinessobjectivesofadevelopmentaretoberealized.Currently,intakingthesedecisions,theconsequencesonoperatingexpendituresandtheeffectontherevenueprofileareoftenignored.Ifallmajorengineeringdecisionscanbealignedtobusinessobjectivesthenthevalueofaninvestmentcanbeoptimized.thedefinitionofcommonobjectivecriteriathatcanbeusedbyoperators,contractorsandvendorsandagainstwhich,businesstransactionsmaybemanagedandoptimizedPerformancecontractswhichrelateonlytocapitaldonotnecessarilyleadtoimprovedbusinessperformance.Smallincreasesininitialcostcan,ifappliedintherightplace,resultinsignificantreductionsinoperatingexpendituresand/orincreasedrevenue.Standardlife-cyclecostingmethodologieswillfacilitatethedevelopmentofperformancecontractsbasedonbusinessparametersthatwillleadtorealincreasesinvalueandbenefitforall.reductionoftheriskofoperatingexpendituresurpriseWhennewassetsarebeingconsideredandthereislittleinformationonlikelyoperatingexpenditures,itisimportanttoapplymethodologieswhichenablehighoperatingexpenditureelementstobeidentifiedatanearlystage.Insuchcases,operatingexpendituresareoftenunderestimatedandthereforerealbusinessrisksexistinnotachievingtherequiredratesofreturn.Life-cyclecostingmethodologiesdemandthatsupportcostsofmajorpackagesarequantifiedonasystematicbasistoreducetheserisks.Themethodologieswouldenabletheindustrytoidentify,optimizeandacquiretheneededsupportinatimelyandcost-effectivemanner.changingthecriteriaforoptionselectionTraditionallydecisionsweretakenonoptionsusingcriteriasuchasbestavailabletechnologyorlowestpriceandthisdidnotnecessarilyleadtomaximumvaluefortheasset.Life-cyclecostingprovidescriteriaforselectionwhichcanbedirectlylinkedtoincreasedassetvalueandhenceimprovedprofitabilityovertheassetlifecycle.maximizationofthevalueofcurrentoperatingexperienceActualoperatingexperienceisavaluableresourcethatcanbeusedtoevaluateoptionsfornewassetsandimprovetheperformanceofexistingassets.Thisexperienceisonlyvalidifitisjudgedagainsttherequiredoperatingcontext.Equipmentorconfigurationoptionsthatwereofvaluewhencapacityutilizationwashighareoftennotofvalueinsmallerassets,orwhencapacityutilizationprofilesdecline.Alloperatorshaveawiderangeofequipmentandconfigurationoptions.Dataonactualperformance,collectedusingmodernmaintenancemanagement,areofrealvaluewhenoptionsneedtobecompared.theprovisionofaframeworkwithinwhichtocompareoptionsatallstagesofdevelopmentWhencomparingoptionsforoneprocessfunctionitisimportanttoconsidertheeffectofthatdecisiononotherprocessfunctions.Aplannedapproachwithinanoverallframeworkisvitalifthebestcombinationofoptionsistobeachieved.Previousexperienceshowsthatlife-cyclecostingstudieswerebeingcarriedouttoolate,ofteninisolationwithavariablequalityoutput.Thestandardidentifiesplanningneedsandresourcerequirementstoensurestudiesarecarriedoutattherighttime,totherightdepthandwithinplannedresourcebudgetsandtargets.theprovisionofamechanismbywhichmajorcostdriverscanbeidentified,targetedandreducedLife-cyclecostingmethodologiesidentifyinasystematicwayallmajorcostelementsofaninvestment.Havingidentifiedthecostdrivers,asensitivityanalysiscanbecarriedouttoestablishcriticalareaswhereimprovementwillleadtoincreasedcosteffectiveness.Thesecriticalareasbecometargetsforresearchanddevelopment,technologytransferandafocusformanagementeffort.ThispartofISO15663isbasedontheprinciplesdefinedinIEC300-3-3.SIST EN ISO 15663-1:2007

INTERNATIONALSTANDARDISO15663-1:2000(E)©ISO2000–Allrightsreserved1Petroleumandnaturalgasindustries—Lifecyclecosting—Part1:Methodology1ScopeThispartofISO15663specifiesrequirementsforundertakinglife-cyclecostingforthedevelopmentandoperationoffacilitiesfordrilling,productionandpipelinetransportationwithinthepetroleumandnaturalgasindustries.Thelife-cyclecostingmethodologydescribedinthispartofISO15663canbeappliedwhenmakingdecisionsonanyoptionwhichhascostimplicationsformorethanonecostelementorassetphase,inordertoestimatethecostdifferencebetweencompetingoptions.Theprocessisapplicabletoawiderangeofoptions,particularlywhendecisionsarebeingconsideredonthefollowing:theprocessconcept;equipmentlocation,e.gtemplate-basedsolutionsvs.satellite-basedsolutions;projectexecutionstrategies;health,safetyandenvironment;systemconceptandsizing;equipmenttype;equipmentconfiguration;layout;maintenanceandoperationstrategies;manningstrategy;manninglevels;logisticsupportstrategy;facilitymodifications;sparesandsupportstrategy;reuseand/ordisposal.SIST EN ISO 15663-1:2007

ISO15663-1:2000(E)2©ISO2000–AllrightsreservedThebasicmethodologyofthispartofISO15663isapplicabletoallassetdecisions,buttheextentofplanningandmanagementoftheprocessdependsonthemagnitudeofthecostsinvolvedandthepotentialvaluethatcanbecreated.Themethodologyisofvaluewhendecisionsaretakenrelatingtonewinvestmentsinprojects.Italsoprovidesthemeansofidentifyingkeycostdriversandprovidesacost-controlframeworkforthesedrivers,allowingeffectivecostcontrolandoptimizationovertheentirelifeofanasset.ThescopeofthispartofISO15663islimitedtolife-cyclecosting.Itisnotconcernedwithdeterminingthelife-cyclecostofanitemofequipment,sincethenitwouldbenecessarytodetermineallcostsassociatedwiththatequipmentduringthelifeoftheasset.2Terms,definitionsandabbreviations2.1TermsanddefinitionsForthepurposesofthispartofISO15663,thefollowingterms,definitionsandabbreviationsapply.2.1.1assetresourceownedbyanorganization,normallyforthepurposesofgeneratingincomeorincreasingvalue2.1.2assetlifecyclelifespanofaparticularresourceownedbyanorganization,fromthepointofdiscoveryoracquisitionthroughtodisposal2.1.3assetphasediscretestageintheassetlifecyclewithaspecifiedpurposeEXAMPLEDetaildesign.2.1.4benefitcreationofacapitalasset,earningofrevenueorimprovementofaprojectenvironment2.1.5budgetestimateapprovedbymanagementortheclientasthecost-controlmechanismforaproject2.1.6capitalexpendituremoneyusedtopurchase,installandcommissionacapitalasset2.1.7committedcoststhosefixedcoststhatcannotbeeliminatedorevencutbackwithouthavingamajoreffectonprofitsorontheorganization'sobjectivesNOTECommittedcostsmaybeidentifiedassunkcostsforthepurposesofastudy.2.1.8constraintlimitimposedexternallyorinternallybytheprojectwhichrulesouttheselectionofanoptionifthelimitisexceededSIST EN ISO 15663-1:2007

ISO15663-1:2000(E)©ISO2000–Allrightsreserved32.1.9costbreakdownstructurestructurerelatedtothemethodsthatanorganizationemploystorecordandreportcosts2.1.10costdrivermajorcostelementwhichifchangedwillhaveamajorimpactonthelife-cyclecostofanoption2.1.11costelementidentifiablepartofthelife-cyclecostofanoptionwhichcanbeattributedtoanactivity2.1.12costissuecostelementwhichifchangedwillnothaveamajorimpactonthelife-cyclecostofanoption2.1.13fixedcostcostthatdoesnotvaryasthelevelofactivityvaries2.1.14lifecyclealldevelopmentstagesofanitemofequipmentorfunction,fromwhenthestudycommencesuptoandincludingdisposal2.1.15life-cyclecostdiscountedcumulativetotalofallcostsincurredbyaspecifiedfunctionoritemofequipmentoveritslifecycle2.1.16life-cyclecostmodelmathematicalrelationshipbetweencostelementsandlife-cyclecostdifferences2.1.17life-cyclecostingprocessofevaluatingthedifferencebetweenthelife-cyclecostsoftwoormorealternativeoptions2.1.18netpresentvaluesumofthetotaldiscountedcostsandrevenues2.1.19operatingexpendituremoneyusedforoperationandmaintenance,includingassociatedcostssuchaslogisticsandspares2.1.20paybackperiodperiodafterwhichtheinitialcapitalinvestedhasbeenpaidbackbytheaccumulatednetrevenueearned2.1.21sensitivityanalysisprocessoftestingtheoutcomeofalife-cyclecostinginordertoestablishwhetherthefinalconclusionissensitivetochangesinassumptions2.1.22structuredbreakdownofcostslistofcostelementsassociatedwithanoptionwhichhasbeenstructuredtakingintoaccountthewayinwhichthecostsareacquiredandrecordedSIST EN ISO 15663-1:2007

ISO15663-1:2000(E)4©ISO2000–Allrightsreserved2.2AbbreviationsCAPEXcapitalexpenditureIRRinternalrateofreturnNPVnetpresentvaluePIprofitabilityindexSBCstructuredbreakdownofcosts3Managementoflife-cyclecosting3.1Objectivesa)Toachieveagreementatamanagementlevelonassetobjectivesandhowlife-cyclecostingislinkedtotheseobjectives;b)tocommunicatetheassetobjectivesandtheroleoflife-cyclecostingthroughouttheorganization;c)todefinetheobjectivesoflife-cyclecostingpriortoanystudytakingplace.3.2Rolesandresponsibilities3.2.1Allthosehavingresponsibilityforlife-cyclecostingwithinanorganizationshallbeidentifiedandinformedoftheresponsibilitiesassignedtothem.3.2.2Anindividualororganizationshallbeassignedtheroleoflife-cyclecostingcoordinatortoundertakethefollowingtasks:developandplanthelife-cyclecostingstrategy;developlife-cyclecostingprojectprocedures;facilitateandcoordinatestudyactivities;organizetrainingofallkeypersonnel.Theindividualororganizationmaychangedependingontheassetphase.NOTEThelife-cyclecostingcoordinatormaybeapersonorgroupalreadypartoftheprojectgroup.3.2.3Organizationsorindividualshavingresponsibilityforperforminglife-cyclecostingshallunderstandthelife-cyclecostingmethodologyandtailorittotheneedsoftheproject;providethefocusforidentificationandevaluationofalternativeoptions;communicatetheresultstoothers—itisonlybydoingthisthatdecisionscanbeinfluenced;fulfiltherequirementsdeterminedduringtheplanningstage.Inorderforthefullbenefitsoflife-cyclecostingtobeachieved,theeffectontheoverallvalueofanassetoveritslifetimemustbeconsideredwhenmakingallmajordecisions.Life-cyclecostingisthereforetheresponsibilityofallindividualswhotakethesedecisions.SIST EN ISO 15663-1:2007

ISO15663-1:2000(E)©ISO2000–Allrightsreserved53.3Strategyandplanning3.3.1Thestrategyandpolicyforlife-cyclecostingshallbedefined,togetherwiththemeansofevaluatingwhetherobjectivesarebeingachieved.3.3.2Life-cyclecostingstudiesshallbecarriedoutwherebenefitsintermsofincreasedassetvaluecanberealizedbyselectingthebestoptionbetweencompetingalternatives.Theoptionstobestudiedshouldbeselectedonasystematicbasisbyconsideringthemajorcontributionstocapitalandoperatingexpendituresandrevenueimpact.3.3.3Aplanshallbepreparedoutliningalllife-cyclecostingactivitiesanticipatedtobenecessarythroughoutassetlife.3.3.4Theplanshallidentifythecriticaldates,resourcerequirementsandthepersons,departmentsandorganizationsresponsibleforlife-cyclecostingateachphaseoftheproject.3.3.5Theplanshallidentifythetrainingneedsofthecoordinatorandallpersonshavingresponsibilityforundertakinglife-cyclecosting.3.3.6Theplanshallidentifydata-collectionactivitiesandsources.3.3.7Theplanshallidentifyanyspecificrequirementsfortoolstobeusedformodelling.3.3.8Theplanshallidentifytherequirementsforassessment(seeclause5),incl
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