A Replacement Cost Projection is a mathematical model used to predict how the replacement cost of a group of assets will change over time.
National Asset Management Assessment Framework
The National Asset Management Assessment Framework suggests that an Asset Management Plan should recognise changes in service potential of assets through projections of asset replacement costs, depreciated replacement cost and depreciation expense.
Example Replacement Cost Projection
- HTML File - A script in this file generates the above graph. Feel free to download and modify it to create your own asset cost projections.