a. Take a life cycle perspective
The life cycle perspective establishes the total cost of ownership, and refers to stages within the life of a cultural project from project initiation, planning and preparation, delivery and use. It is a process that can be applied to the development of a single building or a master plan.
It considers actions and potential costs to the developer and local authority, some of which can be negotiated within the planning system. In establishing costs (capital and operational), key players need to be aware of the whole life cycle and establish who is involved and where. This should also consider how the development process interacts with the planning system.
Life Cycle Diagram: Thames Gateway North Kent Cultural Toolkit
The Cultural Framework and Toolkit for Thames Gateway North Kent illustrates the above issues and stages in a Life Cycle Diagram. Relating a cultural project to a stage of the life-cycle diagram allows the identification of what should have happened previously, what information should be available, and what should happen next. Click here to access the diagram from the toolkit.
Example: Life Cycle Costs Guidance
The Office of Government Commerce (OGC) provides guidance in calculating life cycle costs. This recognises that the cost of ownership of an asset or service is incurred throughout its life and does not all occur at the point of acquisition.
Click here to access this guidance.
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