Asset Management:

When making funding decisions under constrained budgets, it is tempting to place high importance on the up-front costs and pay little attention to costs in the future, but this is a shortsighted vision. A poor choice today can be amplified in future decades as the inflexible and long life nature on infrastructure can create unaffordable requirements in the future. With the focus of funding shifting toward system preservation, greater use of LCCA can ensure sustainability of future budgets and better management of our vital infrastructure.