Life Cycle Cost Analysis

Life Cycle Cost Analysis (LCCA) is a financial assessment method used to evaluate the total costs of a product or project over its entire lifespan. This includes initial purchase price, maintenance, operation, and eventual disposal or replacement costs. By considering all these expenses, LCCA helps individuals and organizations make informed decisions, ensuring they choose options that are not only affordable upfront but also economical in the long run. This approach promotes sustainability and efficiency, allowing for a better understanding of the true value and impact of investments.