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Why whole life-cycle costing for project development?

By: Language: English Series: Project Control Professional ; 49(1) February 2011, 15-19(5)Publication details: 2011Subject(s): Summary: Clients are likely to evaluate cost on the basis of life-cycle cost management in building and civil engineering structures; whole-life cost management is the process of cost planning, estimating, co-ordination, control and reporting of all cost-related aspects from project initiation to operation and maintenance and, ultimately, disposal.

Clients are likely to evaluate cost on the basis of life-cycle cost management in building and civil engineering structures; whole-life cost management is the process of cost planning, estimating, co-ordination, control and reporting of all cost-related aspects from project initiation to operation and maintenance and, ultimately, disposal.