Designation:E2204−15StandardGuideforSummarizingtheEconomicImpactsofBuilding-RelatedProjects1ThisstandardisissuedunderthefixeddesignationE2204;thenumberimmediatelyfollowingthedesignationindicatestheyearoforiginaladoptionor,inthecaseofrevision,theyearoflastrevision.Anumberinparenthesesindicatestheyearoflastreapproval.Asuperscriptepsilon(´)indicatesaneditorialchangesincethelastrevisionorreapproval.INTRODUCTIONQuantitativedescriptionsofeconomicimpactsareabasicrequirementinmanyorganizationsforevaluatingbudgetrequestsandthevalueofaprojecttotheorganization.Severalmeasuresofeconomicperformanceareavailableforevaluatingbuilding-relatedinvestments.Thesemeasuresinclude,butarenotlimitedto,life-cyclecost,thebenefit-to-costratio,adjustedinternalrateofreturn,andnetbenefits.Thisguideprovidesagenericformatforpresentingtheseeconomicmeasuresofbuilding-relatedinvestments.1.Scope1.1Thisguidecoversagenericformatforsummarizingtheeconomicimpactsofbuilding-relatedprojects.1.2Theguideprovidestechnicalpersons,analysts,andresearchersatoolforcommunicatingprojectimpactsinacondensedformattomanagementandnon-technicalpersons.1.3Thegenericformatdescribedinthisguidecallsforadescriptionofthesignificanceoftheproject,theanalysisstrategy,alistingofdataandassumptions,andapresentationofthekeyeconomicmeasuresofprojectimpact.1.4Thisstandarddoesnotpurporttoaddressallofthesafetyconcerns,ifany,associatedwithitsuse.Itistheresponsibilityoftheuserofthisstandardtoestablishappro-priatesafetyandhealthpracticesanddeterminetheapplica-bilityofregulatorylimitationspriortouse.2.ReferencedDocuments2.1ASTMStandards:2E631TerminologyofBuildingConstructionsE833TerminologyofBuildingEconomicsE917PracticeforMeasuringLife-CycleCostsofBuildingsandBuildingSystemsE964PracticeforMeasuringBenefit-to-CostandSavings-to-InvestmentRatiosforBuildingsandBuildingSystemsE1057PracticeforMeasuringInternalRateofReturnandAdjustedInternalRateofReturnforInvestmentsinBuildingsandBuildingSystemsE1074PracticeforMeasuringNetBenefitsandNetSavingsforI...
