What Does ICC Stand For?
ICC stands for Life Cycle Costing
ICC, or Life Cycle Costing, refers to the comprehensive assessment of total costs associated with a product or project throughout its entire life cycle. This approach considers all phases, including initial acquisition, operation, maintenance, and disposal costs. By evaluating these factors, organizations can make informed financial decisions that enhance efficiency, reduce waste, and ultimately lead to more sustainable practices. ICC is essential for budgeting, investment analysis, and long-term strategic planning.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym