Cost Effectiveness & Life Cycle Cost Analysis  

Education Type: 
Live On-Site
1.5 hours
8:30AM - 10:00AM (ET)

Pittsburgh, PA

0.2 CEU
Sponsored by: 

DOE Federal Energy Management Program - FEMP

Attendees of this session on Life Cycle Cost Analysis will gain comprehensive insights into evaluating the long-term financial implications of building projects. Through practical demonstrations, learn how to address initial construction or capital cost, maintenance cost, rehabilitation cost, asset depreciation salvage value, operating cost, delay cost, travel time cost, just to name a few of the major components over the asset's life. This seminar equips participants with the skills to make informed decisions by comparing different options, optimizing energy efficiency, and factoring in variables like inflation. By the end, attendees will possess a valuable proficiency in conducting thorough Life Cycle Cost Analyses, enabling them to contribute to economically sound and sustainable building endeavors. We will also discuss different programs available to help with these analyses.


Dr. Joshua Kneifel, Economist, National Institute of Standards and Technology  

Dr. Joshua Kneifel is an economist in the Applied Economics Office of the Engineering Laboratory at the National Institute of Standards and Technology (NIST). He is the project leader for "Metrics and Tools for Sustainable Buildings," a project that uses measurement science to develop and implement metrics, data, and tools for quantifying sustainability performance in buildings. This project implements whole building simulations, life cycle costing, and life cycle assessment to determine the economic, environmental, and occupant consequences of increasing the energy efficiency of building construction. Dr. Kneifel is also the project lead for the Building Life Cycle Cost (BLCC) project funded by the U.S. Department of Energy's Federal Energy Management Program that provides resources to support federal life cycle cost (LCC) analysis, including the Federal LCC Methodology (Handbook 135), Energy Escalation Rate Calculator (EERC) web app, and BLCC software.

David Shaffer, Renewable Energy Program Manager, Department of State  

David Shaffer has been involved with every renewable energy installation performed by OBO since 2005. He is a Professional Electrical Engineer and a Master Electrician with over 30 years of experience in the field. David has published on many topics and has traveled to more than 90 countries in support of the Department of State' Overseas Buildings Operations for Design, Construction, and maintenance activities for US Embassies and Consulates. He is currently administering all standalone energy projects to include efficiency upgrades as well as renewable energy and Battery Energy Storage deployments.

Michael Bruckner, Principal, Program Manager, Noblis  

Michael S. Bruckner started his career at Pennington Biomedical Research Center and Louisiana State University as a Student Worker. Michael then joined the New Orleans BioInnovation Center as a Technology Commercialization professional. Following that, Michael worked at Evonik Industries AG as a RISE Professional Fellow, focusing on Life Cycle Assessments and CO2 separation and reuse. Currently, he is employed at Noblis, where he has held various roles, including Staff Environmental Engineer, Senior Staff Engineer, Policy Analyst, and Program Manager. His work at Noblis involves sustainability consulting, advising government organizations on sustainability, life cycle assessment, chemical and materials risk management, and climate change.

Learning Objectives

Upon completion of this course, attendees will be able to:

  • Recognize how to apply variable to life cycle cost analysis;
  • Identify how to differentiate between Initial Costs, Operating Costs, Repair & Replacement Costs, End-of-life costs, discount rates, and risk assessment;
  • Recognize how to leverage different grants or additional funding to augment Energy Contracting;
  • Identify the difference between an ESPC, UESC, Special Purpose Vehicle and Energy-as-a-Service.