Project Management

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    1. Life Cycle Costing (LCC) is a valuable approach that helps organizations make informed decisions by evaluating the total costs associated with a project or product throughout its entire lifecycle. Here’s how LCC can facilitate decision-making:

      1. Comprehensive Cost Analysis
      Total Cost Consideration: LCC considers all costs from inception to disposal, including acquisition, operation, maintenance, and disposal costs.
      Informed Choices: By understanding the complete financial picture, decision-makers can select options that may have higher upfront costs but lower long-term expenses.

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