A major theme park is expanding the existing facility over a five-year period.

Acyclical process modelwas chosen as the basis for Total Cost Management (TCM) becausestrategic assets and projects have inherent life cycles. The cyclical nature of TCM allows for continuous improvement and refinement throughout the project’s life, from conception through completion, enabling better management of costs over time. This approach is particularly effective for managing complex projects with evolving requirements, as it aligns with the natural progression of project phases and ensures that estimates, budgets, and schedules are updated regularly to reflect current conditions.