Cookies on the SKF website

We use cookies to ensure that we give you the best experience on our websites and web applications. By continuing without changing your browser settings, we assume you give your consent to receive cookies. However, you can change your browser cookie setting at any time.

Life Cycle Costing

Analyze the ROI for a given investment scenario

The life cycle cost of any asset is defined as the cost of original design at idea stage, detailed engineering, construction and installation plus the total cost of ownership, including operation and maintenance costs and the trade off at the end of asset life. SKF's Life Cycle Costing (LCC) analysis determines the Net Present Value (NVP) of operation and maintenance engineering decisions made while selecting new assets and/or developing a maintenance management system.

Typically, by the time the maintenance and reliability management system is under development, the design is complete and the asset is usually in the construction phase with 60-70% of its maintenance costs already built-in. However, significant cost savings can still be achieved by optimizing the maintenance required to meet the asset's defined business goals, reliability targets, and production profile.
SKF logo