The life‐cycle audit: A way to understand and communicate the need for facility reinvestment
A life‐cycle audit is a multifaceted tool which helps facilities managers achieve a variety of goals. A life‐cycle audit produces a comprehensive, detailed summary of immediate facilities needs. It also helps facilities managers forecast their needs 20 years into the future, and it helps them make a much more persuasive case for facilities reinvestment. As such, it is a compelling, cost‐effective alternative to traditional facilities inspections.