Lifecycle Cost Analysis RealCost User Manual

Smith, Kelly L.; Pierce, Linda M.; Chang, George K.; Nadkarni, Atish A.; Engineering & Software Consultants, Inc.; The Transtec Group; SAIC, USA; Applied Pavement Technology, Inc.

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Lifecycle Cost Analysis RealCost User Manual

2023-03-01
By Smith, Kelly L. ; Pierce, Linda M. ; Chang, George K. ; ...

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Creators:

Smith, Kelly L. ; Pierce, Linda M. ; Chang, George K. ; Nadkarni, Atish A.

Smith, Kelly L. ; Pierce, Linda M. ; Chang, George K. ; Nadkarni, Atish A. Less -
Corporate Creators:

Engineering & Software Consultants, Inc. ; The Transtec Group ; SAIC, USA ; Applied Pavement Technology, Inc.

Engineering & Software Consultants, Inc. ; The Transtec Group ; SAIC, USA ; Applied Pavement Technology, Inc. Less -
Contributors:

Sivaneswaran, Nadarajah
Corporate Contributors:

United States. Department of Transportation. Federal Highway Administration. Office of Infrastructure Research and Development ; Turner-Fairbank Highway Research Center

United States. Department of Transportation. Federal Highway Administration. Office of Infrastructure Research and Development ; Turner-Fairbank Highway Research Center Less -
Subject/TRT Terms:

[+]

Computer Program Documentation Economic Analysis Life Cycle Analysis Life Cycle Costing
Publication/ Report Number:

FHWA-HRT-23-021
Resource Type:

Manual
Geographical Coverage:

United States
Edition:

Software User Manual
Contracting Officer:

Sivaneswaran, Nadarajah
Corporate Publisher:

United States. Department of Transportation. Federal Highway Administration. Office of Infrastructure Research and Development
Abstract:

Lifecycle cost analysis (LCCA) is an engineering economic analysis tool that compares the relative merit of competing project implementation alternatives. LCCA considers both the agency and user costs incurred during the service life of an asset and helps transportation officials select the most preferred alternative. Additionally, LCCA introduces a structured methodology that accounts for the effects of agency activities on transportation users and provides a means to balance those effects with the system’s construction, rehabilitation, and preservation needs. This manual aims to help users of the Federal Highway Administration’s (FHWA’s) RealCost 3.0, a Microsoft® Excel®-based LCCA tool to conduct LCCA. This user manual reflects the updated and enhanced RealCost 3.0’s input data requirements, functions, analysis features, and user interface. The RealCost 3.0 tool has been updated to work on both Excel 32- and 64-bit versions and avoids the need for installation or availability of any third-party or other commercial components other than Excel 2010 or newer on end users’ computers. The user manual contains a brief introduction to LCCA and adheres to the LCCA methodology explained in detail within FHWA’s Life-Cycle Cost Analysis in Pavement Design Interim Technical Bulletin (Walls and Smith 1998). It also explains the steps to install and operate RealCost 3.0. Appendix A details the procedure to compute LCCA using examples of three pavement and one bridge projects. Appendix B helps users understand the customization of RealCost 3.0 for their specific needs. The user manual will interest State highway agency personnel and consultants responsible for conducting and reviewing LCCA.
Format:

PDF
Funding:

DTFH61-07-D-00028-T-09004 ; DTFH6117D00005L/693JJ318F000355

DTFH61-07-D-00028-T-09004 ; DTFH6117D00005L/693JJ318F000355 Less -
Collection(s):

Federal Highway Administration
Main Document Checksum:

[+]

urn:sha256:c18f7a0ba1f5b3b7381620ac3dda91ba578a61a05a18bb6892271718837640f9
Download URL:

https://rosap.ntl.bts.gov/view/dot/66799/dot_66799_DS1.pdf
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Lifecycle Cost Analysis RealCost User Manual

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