TRB Webinar: Life-Cycle Cost Analysis

TRB conducted a webinar on May 23, 2013 from 2:00 p.m.- 4:00 p.m. ET that explored the basics of an economic analysis tool called the Life-Cycle Cost Analysis (LCCA) and how it can be used in the Moving Ahead for Progress in the 21st Century (MAP-21) legislation.  Contact Reggie Gillum at RGillum@nas.edu for information on accessing a link to the recorded webinar.

LCCA is commonly used in pavement engineering to evaluate the cost of different alternatives for a project. In addition to explaining the need for LCCA and how it can be used in MAP-21, this webinar will define the necessary LCCA components, describe the best approaches for using LCCA, and explain the process to select a project for analysis.

This webinar was organized by the TRB Standing Committees on Rigid Pavement Design (AFD50), Pavement Management Systems (AFD10), Flexible Pavement Design (AFD60), Pavement Rehabilitation (AFD70), and Portland Cement Concrete Pavement (AFH50).

Webinar Presenters:

• Eric Ross, Federal Highway Administration
• Nadarajah Sivaneswaran (Siva), Federal Highway Administration
• Luis Rodriguez, Federal Highway Administration
• Nathaniel Coley, Federal Highway Administration

Moderated by: Tom Kazmierowski, Golder Associates

The first 90 minutes of the webinar is for presentations and the final 30 minutes is reserved for audience questions.

Webinar Outline:

• MAP-21 and LCCA
  
  • Overview of MAP-21
  • LCCA in Asset Management Plans
• Life-Cycle Cost Analysis 
  
  • Definition
  • Process 
  • Components and Issues
  • Probabilistic Approach
• RealCost Software

Learning Objectives:

• To understand the need for LCCA.
• To identify the parameters necessary for the analysis.
• To learn about the Real Cost software

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Registration information: 

There is no fee for employees of TRB sponsors who register using their work email address. In addition to employees of TRB sponsor organizations, the following are eligible to receive complimentary webinar registration:

• TRB and National Academies employees 
• Chairs of TRB standing committees, sections, or groups 
• Members of the media 
• Employees of tribal governments
• Congressional staff members 

Other sites must pay $89 per site. View our pricing page for details.

After registering you will receive a confirmation email containing information about joining the webinar.

Professional Development Hour information:
A certificate for 2 Professional Development Hours (PDH) will be provided to Professional Engineers (PEs) who register and attend the webinar as an individual. For groups, only the person that registers and attends the session will receive a PDH certificate.

Individuals registered as Florida PEs are required to email Reggie Gillum, RGillum@nas.edu, with their license number.

TRB is classifying this webinar as an activity related to business practices. Please note that some jurisdictions do not accept educational activities in this area or have limitations as to the content. Please check with your licensing board to ensure that TRB webinar PDHs are approved by your board.

This webinar was developed in March 2013. TRB has met the standards and requirements of the Registered Continuing Education Program (RCEP). Credit earned on completion of this program will be reported to RCEP by TRB. Certificates of Completion will be issued to individuals who register for and attend the entire webinar session. Complaints about registered providers may be sent to RCEP, PO Box 1686, Clemson, SC, 29633. Website: www.RCEP.net.

Registration questions? Contact Reggie Gillum at RGillum@nas.edu.