THE LIFE CYCLE APPROACH TO SCHOOL BUDGETING
INTRODUCTION
Life cycle planning and life cycle analysis are the subjects covered in the following two articles. While both use the term "life cycle" they are different concepts and should be though of as separate.
Life cycle analysis is the more common term. It means looking at the total cost of the building, over the life of the building.
Life cycle costing (the subject of the first article and case study) is useful in determining appropriate initial construction parameters. For example, life cycle costing may indicate that installing a built-up roof is more effective in the long run than installing a tar-and-gravel roof – because a built up roof needs to be renewed every 25 years while a tar-and-gravel roof needs to be replaced every 10 to 15 years. The savings over the life of the building can be substantial.
Life cycle planning (the subject of the second article) is an inexpensive method to creating long term capital plans. As described in the article, life cycle planning is easy to understand and communicate, supports long term planning, is inexpensive to implement, and is based on a solid conceptual and analytic framework.
- Rick Biedenweg
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