All of the following items describe an aspect of life cycle costing EXCEPT:
A) Life cycle cost includes the cost of both creating the project and of using the result of the project during its useful life.
B) Many project selection decisions are made based upon life cycle cost.
C) Life cycle cost only includes the project cost from initiating through closing
D) Project managers may need to consider disposal costs of the product after its useful life is complete to calculate total life cycle cost.

Question

All of the following items describe an aspect of life cycle costing EXCEPT:​ 
A) Life cycle cost includes the cost of both creating the project and of using the result of the project during its useful life. 
B) Many project selection decisions are made based upon life cycle cost. 
C) Life cycle cost only includes the project cost from initiating through closing 
D) Project managers may need to consider disposal costs of the product after its useful life is complete to calculate total life cycle cost.

Quizplus · Accepted Answer

Life cycle cost includes all costs associated with the project or product from its creation to its disposal, including planning, execution, maintenance, and disposal. It does not only include the project cost from initiating through closing.

All of the Following Items Describe an Aspect of Life