1st Edition

New Generation Whole-Life Costing Property and Construction Decision-Making Under Uncertainty

By Ian Ellingham, William Fawcett Copyright 2007
224 Pages
by Routledge

224 Pages
by Routledge

224 Pages
by Routledge

New Generation Whole-Life Costing presents an innovative approach to decision-making and risk management for construction and real estate. It applies the options-based approach that has revolutionized the management of uncertainty in the business world. Based on government-sponsored research at Cambridge Architectural Research Ltd., the book introduces the idea of  'lifecycle options'.... Read more

1. The Rationale for Project Evaluation  2. Evaluating Long Term Projects  3. Evaluating Risk Projects  4. Data for Whole-Life Costing  5. Lifecycle Options  6. The Option to Develop  7. The Option to Expand  8. The Option to Switch Use  9. The Option to Reconfigure  10. The Option to Refurbish  11. Options on New Technology  12. Very Long Term Projects  13. Long-Term Budgeting under Uncertainty  14. Self-Assessment Matrix for Whole-Life Evaluation.  Where to Find Out More

Biography

Ian Ellingham is an associate of Cambridge Architectural Research Ltd., UK.

William Fawcett has held a lectureship at the University of Hong Kong and was one of the founding directors of Cambridge Architectural Research Ltd. He holds the Chadwick Fellowship in Architecture at Pembroke College, Cambridge.

'The book certainly brings to attention the merits of WLC and how surprising the current lack of use of WLC techniques in the industry is.' - David Adamson (Director of Smarter Construction, Office of Government Commerce)

'A real breath of fresh air and a source of some important new ideas.'
'Whole-life costing could be as dull as the worthy ISO standard. This book is visually a delight ... the narrative is full of lively examples and visual snapshots of case studies. Thoroughly recommended for courses ... and clients and agents and designers alike.'
 - David Fisk (Professor of Engineering for Sustainable Development, Imperial College, London)

'The book is full of many good ideas ... I would recommend it to property managers and surveyors involved in value management.' - David Wright (Associate at Currie & Brown)

'A very interesting and rich perspective that will assist practitioners in taking a longer-term view. …An extremely pleasant and accessible book.' - Niklaus Kohler in, Building Research & Information