Lifecycle · The lifecycle cost model · Element
The acquisition cost
Everything spent to get the asset working.
The part
What it is
Purchase price, delivery, installation, configuration, integration and the training needed before anyone can use it.
Implementation cost for systems frequently exceeds licence cost by a multiple, and it is routinely excluded from the comparison.
The smallest level
The attributes it carries
Each attribute is one of the framework’s shared types. What a date is, and how it is written, is defined once for the whole model — the note here says what it means in this particular place.
Purchase price
The visible number, which is the starting point rather than the answer.
Money shared typeTime to productive use
How long before it produces anything, which is a cost in itself.
Duration shared type