About this course

Enable your engineers to make data-driven and financially founded decisions about your assets. Help them to “speak finance” by calculating the life cycle costs of different asset options, quantify the value of improvement projects and compile a sound business case to substantiate their recommendations.

One of the biggest frustrations for engineers is the need to motivate and justify their ideas and decisions in financial terms to get funding. They are often confused by the financial jargon and paralysed by their inability to convert a technical solution into a financially viable one.

Pragma has developed a training course to address this specific need in a highly practical way. It explains complex principles such as life cycle costing, equivalent annual cost and ROI in a logical way and life cycle through real-life case studies.

Pragma has combined its 30 years of asset management experience with the expertise of some of our blue-chip clients to develop a unique training programme that gives engineers the competence and confidence to make data-driven and financially based asset management decisions.



At the end of this course learners will be able to:

Identify the need to support decision-making with good financials which considers the full life cycle of the asset

Compile the various Financial elements for a business case to motivate or justify an improvement project

To recognise and be able to use financial modelling, with sensitivity analysis and even scenario planning to inform decision-making

Categorise and quantify the value of an improvement project

Explain and use financial terms like the time value of money, return on investment and sunk costs

Use life cycle cost (LCC) principles to calculate net present value (NPV) and the equivalent annual cost (EAC) of an asset

Use LCC principles to inform asset acquisition decisions, to determine the optimum replacement cycle of an asset type (critical for budgeting), to motivate repair and refurbishment options, to inform end-of-life replacement decisions and to select the optimum asset tactics

Financial Decision-making - Content

Who should attend?

  • Technical managers
  • Reliability engineers
  • Engineering managers
  • Maintenance engineers
  • Continuous improvement engineers

Format and duration

  • 3-day classroom training
  • 24 notional hours blended learning over six weeks

Take-home tools

  • Excel templates to calculate LCC and EAC
  • Excel templates to facilitate the financial decision-making process
  • Template for a business case


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    Terms and conditions of registration and use
    All registrations received are regarded as confirmed and subject to the following:

    • Payment must be made before the course start date or within 30 days of invoice date, whichever occurs first. Once payment has been made, please send proof thereof via email to: pragma.academy@pragmaworld.net.
    • Refunds and/or substitutions are not applicable if a learner has: enrolled for a course and accessed it via the Pragma Academy Learning Management System; or attended a classroom session; or has enrolled, but failed to attend without notifying the Pragma Academy at least seven (7) working days prior to course start date.
    • Refunds and/or substitutions are applicable: if cancellation is received in writing at least fifteen (15) working days before the scheduled start date of the course, a full refund is applicable; if cancellation is received in writing at least seven (7) working days before the scheduled start date of the course, a 50% refund is applicable; if a learner who enrolled in a course due to take place in less than fifteen (15) working days, sends a substitution learner subject to the substitution learner meeting the minimum prerequisite qualification requirements.
    • It is the learner's responsibility to ensure that they meet the prerequisite requirements for a course they are enrolling in. Proof of suitable prerequisite qualifications will be required.
    • Pragma reserves the right to cancel any advertised course due to insufficient enrolments or conditions beyond our control.