whole-life cost


all significant and relevant initial and future costs (ISO 6707‑1:2004, 9.3.86) and benefits of an asset (ISO 15686‑10:2010, 3.1), throughout its life cycle (3.27.1.1) (3.27.1.2), while fulfilling the performance requirements (ISO 6707‑1:2004, 9.1.16)