Life cycle costing: Practice v theory

T. Paszkiewicz, Craig Ashley Langston

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

Numerous studies have already been conducted in the area of life-cycle costing (LCC), however few studies have been conducted into resolving its lack of utilisation in practice. This paper sets out known barriers and limitations and provides some advice for how education can play a role in developing future perceptions, and hence assist in bridging the gap between practice and theory. LCC is sometimes undertaken on projects of a build, own and occupy nature where it is in the client's best interest to conduct such an exercise and where taxpayers' monies are involved, however projects which are of a build and sell nature rarely utilise the technique. It is concluded that presenting LLC as an instrument of climate change adaptation increases its relevance to society and, together with an understanding of potential obstacles in practice, can succeed in educating the next generation of project stakeholders about its value in project design.
Original languageEnglish
Pages77-82
Number of pages6
Publication statusPublished - 2008
EventAustralian Universities Building Education Association Annual Conference - Unitec Mt Albert, New Zealand
Duration: 30 Sep 20083 Oct 2008
Conference number: 37

Conference

ConferenceAustralian Universities Building Education Association Annual Conference
Abbreviated titleAUBEA 2008
CountryNew Zealand
CityUnitec Mt Albert
Period30/09/083/10/08

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    Paszkiewicz, T., & Langston, C. A. (2008). Life cycle costing: Practice v theory. 77-82. Paper presented at Australian Universities Building Education Association Annual Conference, Unitec Mt Albert, New Zealand.