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Informationen zum Autor Abdelhalim Boussabaine d'Ingénieur d'Etat, MSc, PhD is a Lecturer at the School of Architecture, at the University of Liverpool. He has written widely on cost modelling for researchers and professionals and is the lead author of Whole Life Cycle Costing: Risk and Risk Responses (Blackwell, 2004). Klappentext Whole life-cycle costing (WLCC) is rapidly becoming the standard method for the long-term cost appraisal of buildings and civil infrastructure projects. With clients now demanding buildings that demonstrate value for money over the long term, WLCC has become an essential tool for those involved in the design, construction, operation and risk analysis of construction projects. Whole-life costing: risk and risk responses offers a thorough grounding in both the theory and practical application of WLCC. Part I deals with the fundamentals, providing the general background to appreciate WLCC concepts and whole life risk management techniques at the key decision-making milestones through a project's life. Part II covers the design stage, including service life forecasting and environmental life-cycle assessment techniques in WLCC. Practical frameworks both for assessing whole life risks and risk responses, as well as guidance on developing WLCC budget estimates are also developed. In Part III, the authors consider WLCC during the construction and operations stages, with a strong emphasis upon risk analysis methods and dynamic WLCC assessment. With its mixture of established theory, best practice and innovative approaches, this book will help you make more accurate assessments of the long-term cost effectiveness of projects by: providing a thorough grounding in the theory of WLCC demonstrating how decision-making uncertainty can be reduced by basing choices on sound risk management principles identifying a systematic approach to planning the post-occupancy costs. Zusammenfassung aeo providing a thorough grounding in the theory of WLCC aeo demonstrating how decision--making uncertainty can be reduced by basing choices on sound risk management principles aeo identifying a systematic approach to planning the post--occupancy costs. Inhaltsverzeichnis Preface xi Acknowledgements xiii Part I: Fundamentals of Whole Life-cycle Costing 1 Towards an Understanding of Whole Life-cycle Costing 3 1.1 Introduction 3 1.2 Whole life-cycle costing: a brief history 4 1.3 Defining whole life-cycle costing 7 1.4 Risk and uncertainty in WLCC 9 1.5 Subjectivity in WLCC 9 1.6 Summary 10 References 10 2 Whole Life-cycle Costing Risk Management 12 2.1 Introduction 12 2.2 Why has the construction industry failed to embrace WLCC? 12 2.3 Why risk assessment in whole life costing? 13 2.4 Data requirements in whole life-cycle costing and risk assessment 15 2.5 Specifying a comprehensive set of objectives and measures for each WLCC component 17 2.6 A framework for whole life costing risk management 22 2.7 Summary 26 References 26 3 Key Decisions in the Whole Life-cycle Costing Process 28 3.1 Introduction 28 3.2 Justification for investment and extraction of client requirements 29 3.3 Key decisions at the conceptual development stage 31 3.4 Key decisions at the detailed design stage 32 3.5 Key decisions at the production stage 33 3.6 Decisions at the operational stage 34 3.7 Decisions at the end of economic life stage 35 3.8 Summary 35 References 36 4 Fundamentals of Whole Life-cycle Cost Analysis 37 4.1 Introduction 37 4.2 Concepts of the time value of money 37 4.3 WLCC calculation models 38 4.4 Measuring economic performance in whole life-cycle costing 41 4.5 WLCC forecasting...
