TCO analysis enables organizations to make efficient and effective use of their assets achieving desired goals and objectives. This analysis requires clearly defined decision-making objectives and methodologies in order
manage risk and resources delivering needed asset capabilities and
performance enabling organizational goals and objectives achievement.
Development and delivery of a TCO analysis within a well-defined
decision-making context and methodology will measurably advance
achievement of organizational goals and objectives dependent on built assets.
The purpose of this principle is to ensure risk and resource management activities are focused and well organized at every decision making level
and integrated throughout the decision making spectrum in order to
deliver mission enabling capabilities and performance most helpful to
achieving desired organizational goals and objectives.
This principle is required whenever TCO is being used for decision
making at any stage of the facility or asset life.