1. Scope

1.1 This guide covers a generic format for summarizing the economic impacts of building-related projects.

1.2 The guide provides technical persons, analysts, and researchers a tool for communicating project impacts in a condensed format to management and non-technical persons.

1.3 The generic format described in this guide calls for a description of the significance of the project, the analysis strategy, a listing of data and assumptions, and a presentation of the key economic measures of project impact.

2. Referenced Documents (purchase separately) The documents listed below are referenced within the subject standard but are not provided as part of the standard.

ASTM Standards

E631 Terminology of Building Constructions

E833 Terminology of Building Economics

E917 Practice for Measuring Life-Cycle Costs of Buildings and Building Systems

E964 Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems

E1057 Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and Building Systems

E1074 Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems

E1121 Practice for Measuring Payback for Investments in Buildings and Building Systems

E1369 Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and Building Systems

E1699 Practice for Performing Value Analysis (VA) of Buildings and Building Systems and Other Constructed Projects

E1765 Practice for Applying Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments Related to Buildings and Building Systems

E2506 Guide for Developing a Cost-Effective Risk Mitigation Plan for New and Existing Constructed Facilities

Adjuncts

ASTM Software Product

MNL 29 Software to Support ASTM : Standard Practice for Applying Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments Related to Buildings and Building Systems

Keywords

adjusted internal rate of return; analytical hierarchy process; benefit-to-cost ratio; building economics; economic evaluation methods; economic impacts; engineering economics; homeland security; impact assessment; internal rate of return; life-cycle costs; man-made hazards; measures of worth; multiattribute decision analysis; natural hazards; net benefits; net savings; payback; savings-to-investment ratio: Net benefits analysis (of buildings); Savings-to-investment ratio; Benefit-cost ratio/analysis; Building economics; Adjusted internal rate of return; Analytical hierarchy process (AHP); Engineering economics; Impact assessment; Internal rate of return; Life-cycle cost (LCC) analysis; Multiattribute decision analysis (MADA);

ICS Code

ICS Number Code 03.100.01 (Company organization and management in general); 91.020 (Physical planning. Town planning)

DOI: 10.1520/E2204-05E01

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