Whole Life Costing

Whole Life Costing (WLC) is a financial assessment method that evaluates the total cost of an asset or project over its entire lifespan. This includes not only the initial purchase price but also ongoing expenses such as maintenance, operation, and eventual disposal. By considering all these costs, organizations can make more informed decisions about investments, ensuring that they choose options that are cost-effective in the long run, rather than just looking at upfront expenses. WLC helps in identifying the true value of an asset throughout its useful life.