Whole Life Cost Evaluator provides a cost estimate and audit of entire built assets through different life cycle stages based on a standard methodology and in a consistent format. It provides the client with flexibility through advanced IT technology, efficiency through the use of simplified models, reliability through the ability to optioneer and traceability through an automated audit trail.
In today’s economic climate making the right decisions is absolutely crucial. All organisations involved in every stage of project/product supply chain need to determine the lowest-cost whole-life solution which achieves optimum value for money.
Traditionally investment decisions in the built environment have been made on the strength of lowest initial or capital costs. It is only in recent years that both public and private clients have started to recognise the short-sightedness of such policies.
Whole life costing is a process that seeks to examine every direct and indirect cost throughout the entire life cycle of a project/product from inception to disposal. Its primary goal is to evaluate and optimise the initial and future costs of a project/product while satisfying the client or end-user requirements. It can be used at any stage of life of a project/product (new or existing) and by all organisations involved in each stage of a project/product supply chain.
Whole Life Cost (WLC) Evaluator is a desktop application that facilities the calculation and application of whole life costs for any asset. Traditionally, whole life cost calculations are carried out in tailor made spreadsheets. WLC Evaluator overcomes the limitations of such approaches by managing the data in a consistent format whilst retaining the ability to export and import to a spreadsheet. It is an efficient and effective tool for optimising whole life costs in complex environments.
The key features of Whole Life Cost Evaluator are:
- aligned with ISO15686-5 and the standardised method of life cycle costing - the UK’s practice guidance to the standard
- flexibility to create tailored work breakdown structures
- a structured, consistent, customisable WLC breakdown structure
- can be used at different levels of detail (strategic, system, detailed)
- facility to import from and export to spreadsheets (eg Excel)
- comprehensive audit trail to enhance transparency - every change is logged and time stamped
- compares whole life costs of alternatives at the click of a mouse
- customisable report options incorporating graphics and numerical data
- facility to produce WLC analyses based on cost significant items
- ability to accommodate user-defined pricing methods
- drag and drop flexibility and efficiency
- avoids double-counting
- error-free moving - totals always include the whole category, no missing rows
- free-form notes can be attached to every part of the structure
Potential users of Whole Life Cost Evaluator include:
- PPP/PFI consortia
- Registered social landlords
- Housing associations
- Local authorities
- Other public sector clients
- Facilities and asset managers
- Design teams
- Materials manufacturers and suppliers
- Quantity surveyors
- Sustainability consultants
Online seminars
In order to best explore if Whole Life Cost Evaluator can meet your needs we offer free online, interactive overview sessions with a member of our team.
These half-hour sessions are run on your computer whilst you speak with one of us. You can ask any questions as we go along and you can request to see specific features.
We can also overcome any challenges you are having in installing or using the trial version.
Please contact us to request a demonstration.
Videos
We will soon be releasing a series of short online video clips illustrating key features to help you make effective use of WLC Evaluator.
You are welcome to download a free trial copy of WLC Evaluator to try for yourself by completing our trial software download form — this version expires at the end of the following calendar month, but is otherwise fully functional.
Once you download the trial version you can convert to a fully licensed copy at any time. The annual software licence includes:
- One activation dongle
- Upgrades
- Helpdesk via phone or email
For education orders, please contact us.
