Life-Cycle Cost Analysis (LCCA)

Life-Cycle Cost Analysis (LCCA) is a method used to evaluate the total cost of a project, product, or asset over its entire lifespan. It considers initial costs (like purchase or construction), ongoing expenses (such as maintenance and operation), and eventual disposal or replacement costs. By analyzing these factors together, LCCA helps identify the most cost-effective option, not just based on upfront price but on long-term value and performance. This approach ensures informed decision-making aimed at minimizing overall costs while meeting performance and durability requirements.