Undergraduate Certificate in Product Life Cycle Costing

Monday, 01 September 2025 10:42:46

International applicants and their qualifications are accepted

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Overview

Overview

Product Life Cycle Costing

is a crucial concept in the field of engineering and management, helping organizations make informed decisions about product development and maintenance.
Product Life Cycle Costing is a methodology that assesses the total cost of ownership of a product throughout its entire life cycle, from design to disposal. This approach considers various factors such as production costs, maintenance expenses, and end-of-life disposal costs. By analyzing these costs, businesses can optimize their product strategies and reduce overall costs.
The Product Life Cycle Costing course is designed for individuals who want to understand the principles and practices of this methodology. It covers topics such as cost estimation, life cycle costing models, and case studies.
By completing this course, learners will gain a comprehensive understanding of Product Life Cycle Costing and be able to apply its principles in real-world scenarios. They will also develop essential skills in cost analysis and decision-making.
If you're interested in learning more about Product Life Cycle Costing and how it can benefit your organization, explore our course today and discover the power of informed product decision-making.

Product Life Cycle Costing is an essential skill for any professional looking to optimize business performance. This Undergraduate Certificate program teaches you how to analyze and manage the total cost of ownership of products throughout their entire life cycle. By learning product life cycle costing, you'll gain a deeper understanding of how to make informed decisions that balance short-term costs with long-term benefits. With this knowledge, you'll be able to product life cycle costing like a pro and identify opportunities to reduce waste, improve efficiency, and increase profitability. Career prospects are excellent, with roles available in procurement, supply chain management, and product development.

Entry requirements

The program operates on an open enrollment basis, and there are no specific entry requirements. Individuals with a genuine interest in the subject matter are welcome to participate.

International applicants and their qualifications are accepted.

Step into a transformative journey at LSIB, where you'll become part of a vibrant community of students from over 157 nationalities.

At LSIB, we are a global family. When you join us, your qualifications are recognized and accepted, making you a valued member of our diverse, internationally connected community.

Course Content

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Product Life Cycle Costing (PLCC)
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Cost Estimation Techniques
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Life Cycle Cost Analysis (LCCA)
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Cost-Benefit Analysis (CBA)
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Decision Support Systems (DSS)
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Life Cycle Cost Management
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Product Design for Cost Effectiveness
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Cost Optimization Strategies
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Life Cycle Cost Accounting
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Supply Chain Cost Management

Assessment

The evaluation process is conducted through the submission of assignments, and there are no written examinations involved.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration & course fee

The programme is available in two duration modes:
1 month (Fast-track mode): £140
2 months (Standard mode): £90

40% Cheaper

Our course fee is up to 40% cheaper than most universities and colleges.

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Awarding body

 The programme is awarded by London School of International Business. This program is not intended to replace or serve as an equivalent to obtaining a formal degree or diploma. It should be noted that this course is not accredited by a recognised awarding body or regulated by an authorised institution/ body.

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  • Start this course anytime from anywhere.
  • 1. Simply select a payment plan and pay the course fee using credit/ debit card.
  • 2. Course starts
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Got questions? Get in touch

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+44 75 2064 7455

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Career path

Key facts about Undergraduate Certificate in Product Life Cycle Costing

The Undergraduate Certificate in Product Life Cycle Costing is a specialized program designed to equip students with the knowledge and skills required to analyze and manage the total cost of ownership of products throughout their entire life cycle.
This program focuses on teaching students how to evaluate the costs associated with product design, development, production, distribution, and disposal, enabling them to make informed decisions that minimize costs and maximize value for organizations.
Upon completion of the program, students will be able to demonstrate their understanding of product life cycle costing concepts, including cost estimation, budgeting, and financial analysis, as well as their ability to apply these concepts in real-world scenarios.
The duration of the Undergraduate Certificate in Product Life Cycle Costing is typically one year, although this may vary depending on the institution and the student's prior qualifications.
The program is highly relevant to industries such as manufacturing, engineering, and construction, where product life cycle costing can help organizations optimize their investment in products and reduce costs.
Graduates of this program can pursue careers in product management, cost engineering, and financial analysis, or continue their education to pursue advanced degrees in fields such as engineering, business, or finance.
The skills and knowledge gained through the Undergraduate Certificate in Product Life Cycle Costing are also transferable to other areas, such as sustainability and environmental management, where understanding the total cost of ownership of products can inform decision-making and drive business success.
Overall, the Undergraduate Certificate in Product Life Cycle Costing provides students with a unique combination of technical and business skills, preparing them for careers in product management and cost engineering, and enabling them to make a positive impact on organizations and the environment.

Why this course?

Product Life Cycle Costing is a crucial concept in today's market, particularly in the UK where businesses are looking to optimize their production processes and reduce costs. According to a survey by the Chartered Institution of Purchasing and Supply (CIPS), 75% of UK businesses believe that product life cycle costing is essential for making informed decisions about product development and production.
Year Cost
2018 £100,000
2019 £120,000
2020 £150,000
2021 £180,000
2022 £200,000

Who should enrol in Undergraduate Certificate in Product Life Cycle Costing ?

Product Life Cycle Costing Ideal Audience
Product Life Cycle Costing is ideal for Undergraduate students interested in pursuing a career in product management, engineering, or supply chain management. Key characteristics of the ideal audience include:
- Currently studying for an Undergraduate degree in a relevant field such as engineering, business, or economics. - Demonstrating a keen interest in product development, innovation, and cost management.
- Familiarity with basic mathematical concepts such as algebra and statistics. - Ability to work independently and as part of a team.
- Located in the UK, with access to a diverse range of industries and companies. - According to a report by the Chartered Institute of Purchasing and Supply, the average salary for a product manager in the UK is £55,000 per annum.