Affordability and value of the life cycle
Baseline strategy · No scoreEvaluate investment, operation, maintenance, risks, profits and cost sharing over time.
Subject: Welfare, society and cultureContext: Buildings · Companies · Public administrationCost: lowEffort: highLevel: basicStage: the whole cycleMaturity: established
How it works
Evaluate investment, operation, maintenance, risks, profits and cost sharing over time.
It places people, communities and other living beings in the center, caring for health, safety, dignity, culture, accessibility and quality of experience.
When does it make sense?
- Since the definition of objectives and with participation of those who will be affected
- Where benefits, burdens and possible exclusions can be identified
- With qualitative and quantitative indicators provided and respectful of privacy
How to apply it
- 1
Defining what need resolves "affordability and value of the life cycle" and establishing a starting situation.
- 2
Compare alternatives and adapt design to climate, use, regulation, affected people and available resources.
- 3
Apply with clear responsibilities, check the actual result and correct unwanted effects.
Potential benefits
More health and welfare
Increased inclusion and membership
Lasting social and economic value
Limitations and precautions
- The result depends on context, design, execution and how it is used and maintained.
- Well-being cannot be reduced to a single metric or imposed without listening to people.
- Partnerships with productivity or economic value should be measured without promising automatic causality.
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