Through Life Cost Planning (TLC) - Quorum

 

Because design decisions early on have major impact throughout, it is important to consider all costs relating to a system throughout its life cycle as early as possible.

The terminology 'Cradle to Grave', 'Through Life Management', 'Through Life Costs' and 'Whole Life Costs' all refer to Life Cycle Costs and are elements of Through Life Finance (TLF).