LCCA is presented as an essential economic tool for businesses, emphasizing its role in sustainability and effective asset, supply chain, and project management. The book highlights that initial acquisition and installation costs represent only a small fraction of the total lifecycle costs of an asset, underscoring the importance of considering long-term financial impacts in decision-making.
How will a business embrace digital transformation? How will it formulate a digital transformation strategy? To answer all the questions, a strategic structure is created which can provide a guideline to the business to create a framework for digital transformation that includes strategy, enabler, process, governance, and funding.
The book explains why LCCA is a key economic tool for business decision-making in terms of sustainability, asset management, supply chain management and project management. Initial acquisition and installation costs are said to be the tip of the iceberg for the entire lifecycle cost of an asset.