Whole Life-Cycle Costing (PDF)

Whole life-cycle costing (WLCC) is rapidly becoming the standard
method for the long-term cost appraisal of buildings and civil
infrastructure projects. With clients now demanding buildings that
demonstrate value for money over the long term, WLCC has become an
essential tool for those involved in the design, construction,
operation and risk analysis of construction projects.

Whole-life costing: risk and risk responses offers a thorough
grounding in both the theory and practical application of WLCC.
Part I deals with the fundamentals, providing the general
background to appreciate WLCC concepts and whole life risk
management techniques at the key decision-making milestones through
a project's life. Part II covers the design stage, including
service life forecasting and environmental life-cycle assessment
techniques in WLCC. Practical frameworks both for assessing whole
life risks and risk responses, as well as guidance on developing
WLCC budget estimates are also developed. In Part III, the authors
consider WLCC during the construction and operations stages, with a
strong emphasis upon risk analysis methods and dynamic WLCC
assessment.

With its mixture of established theory, best practice and
innovative approaches, this book will help you make more accurate
assessments of the long-term cost effectiveness of projects
by:

* providing a thorough grounding in the theory of WLCC

* demonstrating how decision-making uncertainty can be reduced by
basing choices on sound risk management principles

* identifying a systematic approach to planning the
post-occupancy costs.