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Maximizing the Value of Investments Using Life Cycle Cost Analysis

By Ms. Aliyah Horton CAE posted 10-08-2014 09:43 AM

  

The American Society of Civil Engineers and the Eno Center for Transportation Leadership recently released a report, Maximizing the Value of Investments Using Life Cycle Cost Analysis. The report seeks to demonstrate the value of life cycle cost analysis (LCCA); how it can be incorporated into the decision-making process; and what actions public agencies have taken to put LCCA programs in place.

The report provides expanded information on the following recommendations that should be made at the federal level:

  • Tie federal funding to performance
  • Launch a discretionary grant program targeted toward asset managment
  • Use an LCCA-driven cost-effectiveness ranking to inform the Statewide Transportation  Improvement Program and Transportation Improvement Program
  • Improve data resources
  • Fund a development course for LCCA leaders

 Recommendations for the state level include:

  • Establish an LCCA pilot program
  • Introduce state-level legislation
  • Dedicate funding to workforce development
  • Partner with the private sector

Access the report here.

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