The successful management and verification of data collected produces the best and most accurate long- and short-term decision making, for first ost, life-cycle projections, renewal, and operations and maintenance. Accurate data and the maintenance of the data convey trust. Trust produces greater efficiencies and opportunities for timely and appropriate decision making, funding, and risk mitigation.
Accurate data and the continued maintenance of that data provide the ability to meet an organization’s mission. Organizations strive for transparency and a reliable basis for comparative analysis. When an organization base decisions on accurate, reliable, and transparent information or data, trust is gained to make the best decisions in alignment with an organization’s mission.
The purpose of this standard is to establish trust in the information by managing and verifying data to increase access of information to owners ad responsible parties on the impact of decisions at all stages of building conception, design, construction, operations, renewal, and disposal. Trust of the information is required to understand the full impact of choices in building design and operations for transparency and accountability of the decision makers and in understanding and minimizing the total cost of ownership.
This principle ensures the integrity of data and is needed at all times from the onset of a buildings conception, through design, during budgeting consideration, through maintenance and operations, during renewal decision making processes, and to the end of the life of the asset. Data integrity is essential to the implementation of TCO.