What is the purpose of a LCCE?
A Life Cycle Cost Estimate (LCCE) serves to evaluate the total cost of ownership of a project or asset over its entire life cycle, including initial acquisition, operation, maintenance, and disposal costs. The purpose is to provide decision-makers with a comprehensive financial analysis that aids in budgeting, resource allocation, and identifying cost-effective solutions. By considering all cost factors, an LCCE helps ensure informed choices that align with long-term financial sustainability and operational efficiency.