Life Cycle View: Total Cost of Ownership Drives BehaviorThu, Dec 08, 2011
Initial costs represent only 15% of a building’s total cost. If you ignore this when developing a building, you are wasting the other 85% of your costs. Keeping the initial capital cost as low as possible seems right, but it’s costing you a lot more over the life of the building. Visibility into the total cost of ownership is one way to address this. Justification and decisions should be based on the total cost of ownership, not just initial costs.