Life Cycle Analysis/Total Cost Assessment:

Government and industry have intensified the development and application of methods to identify and reduce the adverse environmental effects of products and services. Life Cycle Analysis (LCA) is one tool for this application. Total Cost Assessment or TCA is linked with the LCA and plays primary role in identifying not only the costs associated with the manufacture of goods but also the environmental impacts. A primary role of Total Cost Assessment is to include the costs and benefits derived from the environmental initiatives and policies on the balance sheet and in decision making. Here, at Practical Sustainability we work with the Life Cycle Analysis software such as IMPLAN Pro and many more.