What is the main activity in the WLC implementation stage?

The main activity in the Whole Life Cost (WLC) implementation stage is centered around model implementation followed by regular recalibration. This stage involves taking the theoretical components of the WLC model and putting them into practice. It requires establishing processes to ensure that the data inputs used in the model are accurate and up to date, which is crucial for reflecting true costs over the lifecycle of a product or service.

Regular recalibration is necessary because circumstances, market conditions, and costs can change over time. This allows organizations to adapt their strategies based on the most current information and to make informed decisions that align with their financial objectives. By focusing on implementation and ongoing adjustments, businesses can benefit from a comprehensive understanding of costs throughout the lifecycle, leading to better management of resources and enhanced decision-making regarding investments and expenditures.