How to develop a value proposal with life-cycle cost
Short answer: In Development open a proposal and describe the current and proposed solution, benefits, disadvantages and effects on performance, quality, safety, risk and stakeholders. Enter life-cycle cost items for both; PVology shows present value, life-cycle saving and simple payback with the formula.
Verified for PVology 0.19.0 · updated 2026-10-06
Steps
- Choose 6. Development and select a proposal, or add one with New proposal title.
- Fill in the narrative fields. Draft empty sections with PVology AI fills only empty fields and marks them for review.
- Under Life-cycle cost add cost items for the current and proposed solution: Initial, Every year, Every N years or End of life.
- Add Non-financial value and Alternatives compared.
- Set Recommended value and the Status (Draft, Under development, Ready for review or Recommended) and choose Save proposal.
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