Acts of Creation: Balancing Total Cost of Ownership with Joy
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Description
What happens in planning and design impacts what happens in the facility life cycle and vice versa. Unfortunately, project life cycle factors are overlooked when the project team has a myopic attitude to capital planning only putting first cost front and center. Brushing TCO aside during planning and design leads to costly waste and unintended consequences. Responsible Owners envisage the long-term impact of ROI on their bottom line and strive to minimize TCO within their business model. Accountable Architects strive to meet the Owner’s project requirements by providing solutions with considerations to "cradle to grave” and TCO assessments. The TCO is a crucial factor in calculating the ROI, for efficiency and for value creation. A TCO strategy is an approach to delivering a sustainable project.
Course expires 01/17/2026
Learning Objectives
Determine the confidence in architectural planning and design relative to the Owner's ROI projections for capital improvement projects as it serves the Owner's occupants comfort ensuring their health, safety, and welfare.
Leverage a comprehensive delivery strategy that elevates the human experience through the power of collaboration from project inception to completion involving manufacturing, assembly, and construction, achieving joy in practicing architecture.
Test the total cost of ownership (TCO) equation and the interrelationship of value-for-money (VfM) and life cycle analysis (LCA) for your practice to understand how an integrated delivery approach can solve for joy.
Demonstrate how to integrate major factors of the healthcare facility life cycle such as workforce’s well-being, building’s energy efficiency, other clinical and operational compliance and issues.
This session was recorded live on March 8, 2023.