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Whole lifecycle costing (WLCC) is rapidly becoming the standard method for the longterm cost appraisal of buildings and civil infrastructure projects. With clients now demanding buildings that demonstrate value for money over the long term, WLCC has become an essential tool for those involved in the design, construction, operation and risk analysis of construction projects.Wholelife 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 decisionmaking milestones through a projects life. Part II covers the design stage, including service life forecasting and environmental lifecycle 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 longterm cost effectiveness of projects by:providing a thorough grounding in the theory of WLCC demonstrating how decisionmaking uncertainty can be reduced by basing choices on sound risk management principles identifying a systematic approach to planning the postoccupancy costs.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer,
birth defects, or other reproductive harm.
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