Chapter 24. The Quantification of Benefits and Value of Closed Loop Lifecycle Planning

Introduction

Closed loop lifecycle planning defines quantification as the measurement and tracking of the potential impact that lifecycle management can have on a business. One of the key premises discovered in research performed for closed loop lifecycle planning is that if a benefit cannot be quantified, it simply does not count. Many times, the term total cost of ownership (TCO) is referenced in discussing client technologies, but often it is a marketing reference point, usually founded in reality but not in a context that makes it measurable for a business.

The expression drive-by TCO has been used to describe the phenomenon of having statistics, industry ...

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