15.15.1. Life-Cycle Cost Savings

Try these first

1. 1.

   What does life-cycle cost savings refer to?

   Hint

   Think about costs associated over time.

2. 2.

   Why is predictive maintenance important?

   Hint

   Consider cost implications of delaying maintenance.

3. 3.

   What are life-cycle cost savings primarily concerned with?

   • Short-term repairs
   • Timely predictive maintenance
   • Only initial construction cost

   Hint

   Consider what affects costs over the lifespan of a project.

4. 4.

   True or False: Predictive maintenance can lead to higher overall costs in the long run.

   • True
   • False

   Hint

   Think about the goal of predictive preventative actions.

5. 5.

   Calculate the estimated savings for a bridge that had a predictive maintenance program, reducing emergency repairs from $500,000 to$100,000 annually, estimating a lifecycle of 30 years.

   Hint

   Consider the amount saved every year multiplied over the suggested lifespan.

6. 6.

   Evaluate how the use of drones might change the maintenance strategy of a large building, focusing on cost reduction strategies and long-term sustainability.

   Hint

   Think about efficiency in inspections and the resultant investment in technology.