What stage follows the planning phase in the Whole Life-cycle Costing approach?

The stage that follows the planning phase in the Whole Life-cycle Costing approach is the implementation phase. During this stage, the plans that have been developed are put into action. Implementation involves executing the strategies and processes that have been established in the planning phase, allocating resources, and ensuring that all stakeholders are aligned with the objectives.

This phase is crucial because it is where the theoretical aspects of planning are brought into practical application. Various activities will take place, such as procuring necessary resources, engaging with suppliers, and managing the operational aspects of the project. The effectiveness of this stage directly impacts the overall success and efficiency of the project's lifecycle management.

After implementation, evaluation typically occurs to assess how well the process adhered to the planned objectives and to identify areas for improvement, but implementation is the logical next step immediately following planning.