A Training Programme on Life Cycle Management Tools

Familiarizing with the Navigator - The Navigator Toolbox

Content description -
Captain's log
Training description -
Captain's route
Training material -
Captain's reference

Toolbox Overview

Companies are confronted with various types of decisions, ranging from day-to-day operational issues (e.g. procurement); research and development questions; communication and marketing strategies; future investments and acquisitions up to long-term strategic planning. Management tools support decision-making by facilitating the collection, analysis and communication of data/information. However, there is a vast variety of overlapping tools. Due to limited resources it is particularly difficult for SMEs to select appropriate tools that fit their purposes.

In order to facilitate the selection of appropriate tools, the tools presented in the LCMN have been arranged according to two criteria:

  • Internal vs. external focus and
  • Measurement vs. communication focus.

For example, Life Cycle Assessment (LCA) and Life Cycle Costing (LCC) focus mainly on internal operations, and are instruments, which support decisions by measuring, collecting and analysing data. On the contrary, for example, Corporate Reporting (CR) focuses more on external aspects and communication.

Life Cycle Management Navigator

The Navigator uses the "Knowledge Wheel" to describe life cycle management tools. Eight categories are highlighted to familiarise the training participants with the tools: What (1) is it, where (2), why (3) and how (4) should it be applied, followed by Case Studies (5) and Tips (6). The two last categories Abbreviations (7) and a reference to further Information Sources (8) are supplied as Word documents, that the trainer should print out for the trainees. Each of the categories helps to select and apply the "right" tools for the specific company's business environment.

Due to the variety of tools in Life Cycle Management, the first important step is to select an appropriate tool. This process draws on information from the above-presented sections.