Marenjak, S; El-Haram, M A and Horner, M R W (2003) Generic approach to minimize whole life costs in the building industry. In: Greenwood, D J (ed.) Proceedings of 19th Annual ARCOM Conference, 3-5 September 2003, Brighton, UK.
Abstract
Although whole life costing (WLC) is playing an increasingly important part in evaluating the procurement of building projects, the lack of reliable and consistent data for accurate WLC analysis is still a serious concern. This paper presents the preliminary outputs of a research project which is supported by the EPSRC at the University of Dundee. It seeks to quantify the benefits of applying Integrated Logistic Support, ILS, at the design stage of building projects and its impact on whole life costs and performance. The development of a consistent and comprehensive WLC data structure and application of the “theory of significance”, Failure Mode and Effects Analysis (FMEA) and Reliability Centred Maintenance (RCM) to identify the most cost-effective and applicable maintenance tasks in order to minimize WLC of building elements are discussed.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | fmea; RCM; theory of significance; whole life cost analysis; WLC process |
| Index terms: | reliability centred maintenance, failure mode and effects analysis, whole life cost, building industry, design stage, data structure, whole-life costing |
| Subjects: | reliability engineering, professional practice, data science, maintenance engineering, financial analysis, occupational health, industry analysis |
| Topics: | Health and Safety, Cost Management, Business Strategy, Engineering Principles, Research Practice, Digital Applications, Design Practice |
| Descriptive scope: | 3 PCA |
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