Whole Life-Cycle Costing: Risk and Risk Responses
April 2008, Wiley-Blackwell
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.
1. Towards an understanding of whole life cycle costing.
2. Whole life cycle costing risk management.
3. Key decisions in the whole life cycle costing process.
4. Fundamentals of whole life cycle cost analysis.
5. Whole life risk analysis techniques.
Part II: Whole Life Cycle Costing: The design stage.
6. Design service life planning.
7. Design environmental life cycle assessment.
8. Whole life cycle cost planning at the design stage.
9. Whole life risk and risk responses at design stage.
10. Whole life cycle costing of mechanical and electrical services: A case study.
Part III: Whole Life Cycle Costing: Construction and occupancy stages.
11. Whole life risk and risk responses in the construction stage.
12. Whole life risk and risk responses at operation stage.
13. Whole life cycle costing in the operation stage.
14. Whole life costing of building assets occupancy: A case study
* 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.