The Nine-Step Approach to Resource Efficiency
STEP 6: Prioritising Options (Including Costing)
Justifying prevention projects requires that all benefits and costs be clearly defined and projected over the life of each option. Costs can be analysed and calculated using various evaluation criteria.
A simple pay-back period is calculated by comparison of the annual savings resulting against the initial investment (indicates the time needed to recoup the initial investment).
Cost control is managed by gathering, accumulating, analysing, reporting and managing costs continuously.
Tool!
See the financial benefits of the actions carried out in CIT in the Green Campus Programme and how they are calculated
Link!
Check out the potential cost benefits of resource efficiency in these case studies of the Green Business Programme
Tip!
All these issues are taught in more detail in the LAPN Training Course carried out by the Clean Technology Centre. Contact CTC to learn when the next Course will be held.
