Full Economic Life Cycle: The complete series of stages that an asset, product, or service goes through from creation to its final use or disposal. This includes design, production, distribution, operation and maintenance, and finally, disposal or recycling. The full economic life cycle accounts for all costs and revenues associated with the asset over its entire lifetime and is used for the comprehensive assessment of the total cost of ownership, environmental impact, and value generation. It’s a concept used in economics, finance, and sustainable development to evaluate the long-term economic, environmental, and social outcomes of investments or business strategies.
Categories: CC D1: Security Principles | CCSP D6: Legal - Risk and Compliance | CISM D1: Information Security governance | CISSP D1: Security and Risk Management | Security+ D5: Security Program Management and Oversight | SSCP D1: Security Concepts and Practices
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