Life Cycle Costing?

Thank you for the invitation

my answer is option B is the concept of including all costs within the total life of a project

I think the appropriate option is B

 

Thank you for the invitation

Option B

B. is the concept of including all costs within the total life of a project.

Please see below for the definitions I found on Google, therefore I have to go with Option D)  Life Cycle Costing (LCC) is an important economic analysis used in the selection of alternatives that impact both pending and future costs. It compares initial investment options and identifies the least cost alternatives for a twenty year period.

1.8 Life Cycle Costing - GSA

https://www.gsa.gov/portal/content/101197  

Overview: What is Life Cycle Costing? - simple

simple.werf.org/simple/media/LCCT/index.html   This Life Cycle Costing Tool has been developed to assist asset managers in decision ... The total cost of ownership of an asset is often far greater than the initial ... well as other accounting/financial elements (such as, interest rates, depreciation, .... In certain circumstances the non-asset solution (providing the same level of ...

I will go with option D . In simple terms , L C C involves looking at costs over the entire life of the product not just the cost of the project to create that product.

Thank you for invitation. My answer is option.

Thanks for the invitation. In my view, B is the correct answer.