Sustainability Assessments

Sustainable development of companies

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Life Cycle Costing (LCC)

The Life Cycle Costing (LCC) method provides insight into the economic aspects of the full or partial lifecycles of products and services. The costs created over the whole life cycle are often not reflected in the consumer price. In many cases, there are associated, maintenance, or external costs, such as environmental costs related to production and decommissioning.

Why Normec OWS?
  • Independent laboratory
  • Recognized worldwide
  • Expert in the field

Financial pillar

Normec OWS offers LCC analysis for in-house communication purposes. As the financial pillar of the sustainability assessment, LCC complements the Life Cycle Assessment (LCA) and the Social Life-Cycle Assessment (s-LCA). Together, these provide all-round insight into the sustainability aspects of a product, service, or activity.

The LCC methodology

LCC is performed according to the same basic framework as LCA (ISO 14040/14044), but no further specific international standardization is present. The LCC methodology can be performed from a system perspective and typically considers phases such as research & development, production, implementation and deployment, operation, and decommissioning.

 

By doing so, it covers the total cost of a product, process, or activity over its lifetime. Alternatively, the LCC can be calculated from the perspective of one actor in the life cycle, such as the producer. Whatever the perspective, LCC can be used in a prospective way to provide valuable information in the development of new products.

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FAQ

All frequently asked questions
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Is Normec OWS ISO 17025 accredited?

Yes, we are recognized by DIN CERTCO in line with ISO 17025. This accreditation covers all test procedures and standards with regard to compostability and biodegradation. Additionally, we are ISO 17025 accredited by BELAC for our compost analyses and also recognized by TÜV Austria. Normec OWS is also ISO 17020 accredited for inspection services and ISO 14001 approved for environmental management. View our recognitions & certificates.

Where is Normec OWS located?

Our main offices are located in Ghent, Belgium. We also have a subsidiary located in Kettering, Ohio to serve the needs of our American customers.

How long does testing take?

Testing duration depends on the specific type of test and the product itself. This can range from a couple of weeks for material characteristics testing, to months or even years for biodegradation testing. As these are microbial processes, we cannot predict the exact duration beforehand.