The Life Cycle Cost is the sum of all the costs both recurring and nonrecurring that has to be spent on a product (good) or activity (service) over the full life span or a specified period.
Related Definitions in the Project: The Project Cost
The Life Cycle Cost is the sum of all the costs both recurring and nonrecurring that has to be spent on a product (good) or activity (service) over the full life span or a specified period.
Related Definitions in the Project: The Project Cost