Abstract
Over recent years, there has been a large push towards developing techniques to facilitate Whole Life Cost (WLC) modelling, largely due to the increased interested in longer timescale projects and programmes, combined with the emergence of system-of-systems and network enabled capability concepts. This change in the implementation and management of large scale projects has necessitated the development of alternative methods of evaluating performance. This current work seeks to address the shortfalls in current costing methodologies when applied to these highly flexible environments, and to propose a conceptual model for dealing with the encountered complexities. The approach has a fundamental role and potential significance in the future of whole life costing for NEC but can also offer a potential paradigm shift in costing in traditional engineering environments.
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