LCAM & Maintenance cost budget under ERP : Case of Shanghai Electric Power Company

Life Cycle Cost (LCC) theory has been widely used in electric power industry. The East China Power Grid Corporation began to put Life Cycle Asset Management (LCAM) theory into effect in 2003, which was the first attempt for China's power industry to apply it to the practice. In this paper, through the careful analysis of the case of Shanghai Electric Power Company, I sought to clarify the feasibility and advancement of the application of the LCC theory to the budget management mode in the power industry.