Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

IFMA Exam CFM Topic 3 Question 1 Discussion

Actual exam question for IFMA's CFM exam
Question #: 1
Topic #: 3
[All CFM Questions]

During a large real estate project, what are the expenses of planning, design, construction, operation, maintenance, and disposition of a structure over time known as?

Show Suggested Answer Hide Answer
Suggested Answer: A

Life-cycle costing (LCC) accounts for all costs associated with a building throughout its lifespan, including:

Initial costs (planning, design, construction).

Operational costs (utilities, maintenance, repairs).

End-of-life costs (renovation, decommissioning, disposal).

LCC enables informed decision-making by comparing long-term cost implications of different design and material choices, supporting sustainable and cost-effective facility management.


by Alexia at Mar 05, 2025, 06:29 PM

Limited Time Offer

25%

Off

Get Premium CFM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Elinore
4 months ago
Yeah, I think A) Life-cycle costing is the best fit for this question.
upvoted 0 times
...
Henriette
4 months ago
I don't think so, investment analysis focuses more on returns rather than all the expenses involved.
upvoted 0 times
...
Desmond
4 months ago
Life-cycle costing, for sure. Gotta account for all those expenses, from planning to demolition. It's the whole shebang!
upvoted 0 times
Meaghan
3 months ago
B) Investment analysis.
upvoted 0 times
...
Noemi
3 months ago
Definitely, it's important to consider all the expenses over the entire lifespan of the project.
upvoted 0 times
...
Barney
3 months ago
A) Life-cycle costing.
upvoted 0 times
...
...
Wilda
4 months ago
Project classification? Come on, this is about the actual costs, not just how to categorize the project. Life-cycle costing is clearly the answer.
upvoted 0 times
...
Casandra
4 months ago
But what about B) Investment analysis? Could that be a possible answer too?
upvoted 0 times
...
Juan
4 months ago
Time value of money? I think we're looking for something a bit more comprehensive here. Life-cycle costing is the way to go.
upvoted 0 times
Christiane
3 months ago
It includes all expenses from planning to disposition of a structure over time.
upvoted 0 times
...
Tamekia
3 months ago
What exactly does life-cycle costing entail?
upvoted 0 times
...
Gilma
3 months ago
A) Life-cycle costing.
upvoted 0 times
...
...
Lucy
4 months ago
Investment analysis? Nah, this is about the overall expenses, not just the initial investment. A no-brainer.
upvoted 0 times
Fletcher
4 months ago
C) Time value of money.
upvoted 0 times
...
Weldon
4 months ago
Investment analysis is only about the initial investment, not the overall expenses.
upvoted 0 times
...
Tiera
4 months ago
A) Life-cycle costing.
upvoted 0 times
...
...
Elinore
4 months ago
I agree with Henriette, life-cycle costing makes sense for all those expenses.
upvoted 0 times
...
Wynell
5 months ago
Life-cycle costing sounds like the way to go. Gotta consider all those hidden costs, you know?
upvoted 0 times
Shanda
4 months ago
B) Investment analysis.
upvoted 0 times
...
Diane
4 months ago
Yes, it's important to consider all the expenses over time.
upvoted 0 times
...
Taryn
4 months ago
A) Life-cycle costing.
upvoted 0 times
...
...
Henriette
5 months ago
I think the answer is A) Life-cycle costing.
upvoted 0 times
...

Save Cancel