This guide scrutinises the application of whole life costing to a variety of asset appraisal and decision processes, as well as studying the links to sustainability.
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Whole life costing is an investment appraisal and management tool which assesses the total cost of an asset over its whole life. It takes account of the initial capital cost, as well as operational, maintenance, repair, upgrade and eventual disposal costs. Whole life costing can also factor in related income streams, where appropriate.
Guidance from both HM Treasury and the Department for Communities and Local Government recognises the value of adopting a whole life cost perspective when appropriate. This guide looks at the application of whole life costing to a variety of asset appraisal and decision processes.
While much of the existing literature focuses on the use of whole life costing for large scale construction projects, this guide also considers its wider application. This includes smaller asset purchase decisions as well as reviewing assets at various stages of their useful life.
The guide also looks at the links between whole life costing and the broader sustainability agenda and considers how whole life costing can, where appropriate, support appraisal of wider economic, social and/or environmental impacts of an asset.
It looks at matters including:
This publication is a resource for people in public service organisations who are involved in asset investment and procurement appraisal decisions, as well as those involved in asset and facilities management and those tasked with providing financial information on asset operational costs, impacts and benefits.
This title is available as a book and a bookmarked PDF.
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