The total cost of an asset throughout its life including planning, design, construction, acquisition, operation, maintenance, rehabilitation and disposal costs.

IIMM

The term Lifecycle Cost refers to the total cost of ownership over the life of an asset including; planning, design, construction/acquisition, operation, maintenance, renewal, finance and disposal costs.

LGAM

The total cost of an asset throughout its life including planning, design, acquisition, operations, rehabilitation and disposal costs.

DERM