Flanagan, R; Kendell, A; Norman, G and Robinson, G D (1987) Life cycle costing and risk management. Construction Management and Economics, 5(4), ISSN 01446193
Abstract
Risk and uncertainty is endemic to life cycle costing, and requires that an effective risk management system be an integral part of life cycle cost analysis. Such a system is developed, with emphasis on sensitivity and probability analysis. Its use is demonstrated by means of a case study of building finishes.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | uncertainty; life cycle; risk management; cost analysis; life cycle cost; probability; probability analysis; case study |
| Index terms: | costing, risk management, life cycle cost analysis, life cycle, case study, finishes, life cycle cost, cost analysis, probability analysis |
| Subjects: | financial and cost management, building materials, value management, risk assessment, data collection methods, statistical analysis, economics, accounting and finance, research methods |
| Topics: | Risk Management, Project Management, Research Practice, Cost Management, Design Practice |
| Descriptive scope: | 4 PCEA |
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