Conference Proceedings

Full Cost Assessment: A method to analyse sustainability of buildings

A Akemi Yokota, L AYE, M Noguchi

Hong Kong Green Building Council | Published : 2017

Abstract

Quantifying the sustainability of buildings is a complex and very challenging task. Three interdependent factors: society, economy and environment need to be considered. It requires a systematic assessment of all these three factors for the entire life-cycle of the building. Full cost assessment (FCA) is an accounting method that monetises direct, indirect and external aspects. Since external aspects are considered, FCA provides a systematic approach to monetise the current and future impacts of decisions which may cause environmental and social impacts. The oil and gas industry was the first to apply the FCA approach in their decision-making processes. Recently, applications of FCA have bee..

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