What are the basic groups of WLC models identified during the planning phase?

The basic groups of WLC (Whole Life Cost) models that are identified during the planning phase primarily include decision support models. These models play a critical role in helping decision-makers analyze various options and their impacts over the entire lifecycle of a project or asset. By utilizing decision support models, organizations can effectively assess factors such as costs, benefits, and risks, enabling them to make informed choices that optimize performance and resource utilization.

While other approaches like cost-benefit analysis, project management techniques, and financial risk models are relevant in project planning and management, they do not specifically represent the fundamental groups dedicated to WLC models. Decision support models uniquely facilitate comprehensive evaluations that align with the WLC approach, making them essential during the planning phase for understanding long-term implications and supporting strategic decision-making.