Life Cycle Costing distributes costs under three phases:

1. Engineering and development.
2. Production and implementation.
3. Use and maintenance.

With Life Cycle Costing you have an insight into the financial costs of the entire life cycle of a project. This includes investment costs, operational costs, maintenance costs and demolition costs. Practice has shown, however, that the implementation of the methodology is not without snags and many companies have trouble with this. The integrated asset management solution which offers, is a powerful tool for the implementation of this methodology. The software makes it possible to remove all the components of a project to combine it into one orderly place and also offers effective tools for calculating the service life and the cost of the project.