Life Cycle Cost (LCC) (glossary)

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The total cost of implementation and ownership of a system over its useful life. It includes the cost of development, acquisition, operation, maintenance, support, and, where applicable, disposal. (Mooz, Forsberg, Cotterman 2003, p 209)


Source(s)

Mooz, H., Forsberg, K., Cotterman, H. 2003. Communicating Project Management. John Wiley and Sons.

Discussion

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