The most relevant and useful ...
Published by Steven Cooke, President, Process Systems Consulting
The most relevant and useful ‘new’ approach for any project analysis is the full “Lifecycle Cost Analysis”, including the full impact on resources and other activities. This primarily discloses hidden costs, effects, or detriments that are overlooked in many simple financial projections. It can be a mechanism for more innovation as well as directly affecting risk mitigation.
Wherever resources come from, whether “new” or existing, “unleashing” them efficiently is the key to better results. If “new” resources are wasted in the same way that past or current ones are, due to a lack of sufficient scope in the analysis, then we will just waste them faster instead of making any improvements. A key part of the new LCA models is the inclusion of specific land use and ecological impact effects. Sustainable economics includes much more than a simple balance sheet of money.
1 Comment
Steven - do you have a schematic or graphic example, please?
Published by Richard Seline