In this course, participants will learn to utilize Life Cycle Cost Analysis (LCCA) to improve Federal economic-based decision making, determine the total cost of ownership of project alternatives, and inform decisions for energy and water efficiency investments. In addition, learners will apply key requirements and supplemental economic measures to Federal investment decisions such as those for individual and interdependent building system acquisitions for new construction and major renovations. A video tutorial will demonstrate how the latest version of the Building Life-cycle Costing (BLCC) software can turn readily available inputs into sound investment decisions.
Joshua Kneifel, PhD, National Institute of Standards and Technology Read Bio
Joshua Kneifel, PhD, is an economist in the NIST Engineering Laboratory's Applied Economics Office, where he develops metrics and tools for energy-efficient and sustainable buildings. Since 2008, he has worked on NIST's longstanding technical support of DOE/FEMP in developing and implementing life-cycle costing (LCC) methods and procedures. Dr. Kneifel also leads development of a resource tool known as BEES — Building for Environmental and Economic Sustainability — which measures the environmental and economic sustainability of building products. He is currently developing a companion tool known as BIRDS — Building Industry Reporting and Design for Sustainability.
Upon completing this course, you will be able to:
- Improve capital investment decisions by applying principles of life cycle cost analysis and economic optimization;
- Apply federal criteria for an economic evaluation to energy and water related investment alternatives;
- Use the Building Life Cycle Costs software (BLCC) to support economic analyses; and
- Understand how supplementary economic measures are calculated and applied.