What does life cycle costing in architecture analyze?

Life cycle costing in architecture provides a comprehensive analysis of all costs associated with a building throughout its entire lifespan. This approach considers not just the initial construction expenses, but also ongoing operational costs, maintenance, and eventual disposal or renovation costs down the line. By evaluating these expenditures cumulatively, architects and owners can make more informed decisions about design, materials, and operational strategies, ultimately leading to more sustainable and economically viable building projects. It helps in understanding the long-term financial implications, making it a crucial consideration in architectural design and planning. This holistic perspective distinguishes life cycle costing from options focused only on a specific phase or aspect of a building's financial management.