### Question
How is the "lifecycle costs analysis" defined?


### Answer
The term **lifecycle costs analysis** is defined in *23 U.S.C. § 503* as follows -

> a process for evaluating the total economic worth of a usable project segment by analyzing initial costs and discounted future costs, such as maintenance, user, reconstruction, rehabilitation, restoring, and resurfacing costs, over the life of the project segment

#### Citation:
  - *23 U.S.C. § 503*
  - Heading: **CHAPTER 5-RESEARCH, TECHNOLOGY, AND EDUCATION**

