Abstract
Abstract Background There is a growing awareness that Whole Life Costing (WLC) principles offer benefits in assessing the cost of projects, facilities and equipment before commitments are made. As a management tool they provide for options to be compared and for system cost-effectiveness and value-for-money to be optimised. Properly understood and applied, WLC principles provide a powerful analytical capability: coupled with logistic support and economic analysis techniques they provide the means by which cost drivers and dependencies can be identified, targeted and more effectively managed. Current Status Although individual operators have started to apply WLC principles as part of their own development studies, advancement has been constrained. This is mainly due to different interpretations of WLC methods, techniques and requirements.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
