Re‐engineering the whole life cycle costing process

Richard Kirkham

47 citations0/0 files storedConstruction Management and Economics

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Life Cycle Costing Analysis Construction Project Management and Performance BIM and Construction Integration

Abstract

The application of Whole Life Cycle Costing (WLCC) within the construction industry is rapidly increasing; notwithstanding, the underlying methodology of many WLCC models is variable and inconsistent. The deficiency in detailed recording of decisions based on WLCC analyses is a particular concern and moreover, attempts to capture the data related to these decisions are not evident. Data capture is vital in facilitating the iterative and logical application of WLCC. In an attempt to re‐engineer the WLCC design process, the evolving research described hereinafter reports on the development of the ‘Logbook’, a WLCC model decision‐support software application. The application works simultaneously with a WLCC model to provide the designers of buildings with a repository of decision data (via the WLCC model), and a sequential, chronological record of the decisions made based on this data – from inception through to final design optimization. It is anticipated that the software will encourage the application of WLCC models as an iterative rather than retrospective process.

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References

1997Life cycle costing—Theory, information acquisition and application 2002Development of a generic framework for collecting whole life cost data for the building industry 1987Life cycle costing and risk management

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