The Knowledge Competencies and Digital Competencies of Project Managers in Life Cycle Cost Management

Abstract

Training of project managers and their development of knowledge competencies and digital competencies is one of main attributes of success performance results in each sector. The use of digital and knowledge technologies can be a prerequisite for effective life-cycle cost management in context of development of digital and knowledge competencies. Life Cycle Cost Management is an important part of cost management and approach in each industry. The construction industry is an important sector of the country's economy. It is the relationship between project managers and their level of use of knowledge and digital competencies that can be key concerning effective cost management in construction. Acquisition of digital and knowledge competencies and skills through the use of digital and knowledge technologies is a process for increasing managerial competencies. This research addresses the relationship and how to acquire knowledge and digital competencies using knowledge and digital technologies in Life Cycle Cost Management. It is the relationship and use of digital technologies, the level of knowledge and digital competences and the level of lifetime costs that is the subject of research. The main goal of the research is to point out the relationship between the acquisition of knowledge and digital competencies and the amount of life cycle cost management in individual phases of the life cycle of a construction project.