What are some benefits of Life Cycle Cost (LLC) analysis?

The correct choice highlights the critical advantage of Life Cycle Cost (LLC) analysis in providing a comprehensive view of all expenses associated with a system throughout its entire life cycle. By making all system costs visible, LLC analysis allows stakeholders to understand not just the initial investment but also ongoing operational costs, maintenance, and eventual disposal or retirement costs. This holistic view supports interrelationship analysis, which is essential for identifying how different costs affect each other and how they may influence decisions throughout the system's life.

This comprehensive visibility aids in better decision-making as it allows for a thorough evaluation of trade-offs between different alternatives, ensuring that stakeholders can make informed choices that optimize cost efficiency and system performance over time. Consequently, this deep understanding of cost interrelationships can lead to improved resource allocation and enhanced project planning and execution strategies.