Total Cost Management Framework

The Total Cost Management (TCM) Framework is a structured approach to effectively plan, control, and optimize the costs associated with a project or operation throughout its entire lifecycle. It helps organizations balance initial investments, ongoing expenses, and long-term value, ensuring resources are used efficiently. TCM considers all cost factors—from design and acquisition to maintenance and disposal—so that decision-makers can make informed choices, deliver projects on budget, and maximize overall value. Essentially, it provides a comprehensive way to manage costs systematically to achieve optimal project outcomes.