methodology for systematic economic consideration of all whole-life costs (3.1.133) and benefits over a period of analysis (3.1.87), as defined in the agreed scope
The projected costs or benefits may include external costs (3.1.35) (including, for example, finance, business costs, income from land (ISO 6707-1:2014, 10.1) sale, user (3.1.131) costs).
Whole-life costing can address a period of analysis that covers the entire life cycle (3.1.60) or (a) selected stage(s) or (b) periods of interest thereof.
This definition should be contrasted with that for life-cycle costing (184.108.40.206).
ISO 15686‑5:2008, 3.1.15