ASTM E2204-05e1

This document is not an ASTM standard and is intended only to provide the user of an ASTM standard an indication of what changes have been made to the previous version. Because
it may not be technically possible to adequately depict all changes accurately, ASTM recommends that users consult prior editions as appropriate. In all cases only the current version
of the standard as published by ASTM is to be considered the official document.
´1
Designation:E2204–05 Designation: E 2204 – 05
Standard Guide for
Summarizing the Economic Impacts of Building-Related
1
Projects
This standard is issued under the fixed designation E 2204; the number immediately following the designation indicates the year of
original adoption or, in the case of revision, the year of last revision. A number in parentheses indicates the year of last reapproval. A
superscript epsilon (´) indicates an editorial change since the last revision or reapproval.
1
´ NOTE—Section 2 was editorially corrected in February 2009.
INTRODUCTION
Quantitative descriptions of economic impacts are a basic requirement in many organizations for
evaluating budget requests and the value of a project to the organization. Several measures of
economic performance are available for evaluating building-related investments. These measures
include, but are not limited to, life-cycle cost, the benefit-to-cost ratio, adjusted internal rate of return,
and net benefits. This guide provides a generic format for presenting these economic measures of
building-related investments.
1. Scope
1.1 This guide covers a generic format for summarizing the economic impacts of building-related projects.
1.2 The guide provides technical persons, analysts, and researchers a tool for communicating project impacts in a condensed
format to management and non-technical persons.
1.3 The generic format described in this guide calls for a description of the significance of the project, the analysis strategy, a
listing of data and assumptions, and a presentation of the key economic measures of project impact.
2. Referenced Documents
2
2.1 ASTM Standards:
E 833 Terminology of Building Economics
E 917 Practice for Measuring Life-Cycle Costs of Buildings and Building Systems
E 964 Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems
E 1057 Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and
Building Systems
E 1074 Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems
E 1121 Practice for Measuring Payback for Investments in Buildings and Building Systems
E 1369 Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and
Building Systems
E 1699 Practice for Performing Value Analysis (VA) of Buildings and Building Systems
E 1765 Practice for Applying the Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments
Related to Buildings and Building Systems
2.2 ASTM Adjuncts:
Discount Factor Tables,Adjunct to Practice E917
Computer Program and User’s Guide to AHP/Expert Choice for ASTM Building Evaluation,Adjunct to Classifications E1557,
E1660 through E1671, E1693, E1694, E1700, and E1701, and Practices E917Adjuncts:
3
Discount Factor Tables, Adjunct to Practices E 917, E 964, E 1057, E 1074, and E1765 , and E 1121
2.3 ASTM Software Product:
MNL 29, Software to Support ASTM E 1765: Standard Practice for Applying Analytical Hierarchy Process (AHP) to
1
This guide is under the jurisdiction of ASTM Committee E06 on Performance of Buildings and is the direct responsibility of Subcommittee E06.81 on Building
Economics.
Current edition approved May 1, 2005. Published May 2005. Originally approved in 2002. Last previous edition approved in 2002 as E 2204 – 02.
2
For referencedASTM standards, visit theASTM website, www.astm.org, or contactASTM Customer Service at service@astm.org. For Annual Book of ASTM Standards
volume information, refer to the standard’s Document Summary page on the ASTM website.
3
Available from ASTM International Headquarters. Order Adjunct No. ADJE091703.
Copyright © ASTM International, 100 Barr Harbor Drive, PO Box C700, West Conshohocken, PA 19428-2959, United States.
1

---------------------- Page: 1 ----------------------
´1
E2204–05
2
Multiattribute Decision Analysis of Investments Related to Buildings and Building Systems
3. Terminology
3.1 Definitions—For definitions of terms used in this guide, refer to Terminology E 833.
4. Summary of Guide
4.1 This guide presents a standard format for presenting the economic impacts of building-related projects. It includes the entire
range of private and public construction projects, as well as research related to those projects.
4.2 The generic format provided in this guide helps decision makers and managers understand the background and objectives
ofaproject,thedatafromwhichimpactswerecalculated,howimpactwasmeas
...

This document is not an ASTM standard and is intended only to provide the user of an ASTM standard an indication of what changes have been made to the previous version. Because
it may not be technically possible to adequately depict all changes accurately, ASTM recommends that users consult prior editions as appropriate. In all cases only the current version
of the standard as published by ASTM is to be considered the official document.
´1
An American National Standard Designation: E 2204 – 05
Designation:E2204–02
Standard Guide for
Summarizing the Economic Impacts of Building-Related
1
Projects
This standard is issued under the fixed designation E 2204; the number immediately following the designation indicates the year of
original adoption or, in the case of revision, the year of last revision. A number in parentheses indicates the year of last reapproval. A
superscript epsilon (´) indicates an editorial change since the last revision or reapproval.
1
´ NOTE—Section 2 was editorially corrected in February 2009.
INTRODUCTION
Quantitative descriptions of economic impacts are a basic requirement in many organizations for
evaluating budget requests and the value of a project to the organization. Several measures of
economic performance are available for evaluating building-related investments. These measures
include, but are not limited to, life-cycle cost, the benefit-to-cost ratio, adjusted internal rate of return,
and net benefits. This guide provides a generic format for presenting these economic measures of
building-related investments.
1. Scope
1.1 This guide describescovers a generic format for summarizing the economic impacts of building-related projects.
1.2 The guide provides technical persons, analysts, and researchers a tool for communicating project impacts in a condensed
format to management and non-technical persons.
1.3 The generic format described in this guide calls for a description of the significance of the project, the analysis strategy, a
listing of data and assumptions, and a presentation of the key economic measures of project impact.
2. Referenced Documents
2
2.1 ASTM Standards:
E 833 Terminology of Building Economics
E 917 Practice for Measuring Life-Cycle Costs of Buildings and Building Systems
E 964 Practice for Measuring Benefit-to-Cost and Savings-to-Investment Ratios for Buildings and Building Systems
E 1057 Practice for Measuring Internal Rate of Return and Adjusted Internal Rate of Return for Investments in Buildings and
Building Systems
E 1074 Practice for Measuring Net Benefits and Net Savings for Investments in Buildings and Building Systems
2
E 1121 Practice for Measuring Payback for Investments in Buildings and Building Systems Practice for Measuring Payback
for Investments in Buildings and Building Systems
E 1369 Guide for Selecting Techniques for Treating Uncertainty and Risk in the Economic Evaluation of Buildings and
Building Systems
E 1699 Practice for Performing Value Analysis (VA) of Buildings and Building Systems
E 1765 Practice for Applying the Analytical Hierarchy Process (AHP) to Multiattribute Decision Analysis of Investments
Related to Buildings and Building Systems
2.2 ASTM Adjuncts:
Discount Factor Tables,Adjunct to Practice E917
Computer Program and User’s Guide to AHP/Expert Choice for ASTM Building Evaluation,Adjunct to Classifications E1557,
E1660 through E1671, E1693, E1694, E1700, and E1701, and Practices E917Adjuncts:
1
This guide is under the jurisdiction of ASTM Committee E06 on Performance of Buildings and is the direct responsibility of Subcommittee E06.81 on Building
Economics.
Current edition approved April 10, 2002. Published August 2002.
Current edition approved May 1, 2005. Published May 2005. Originally approved in 2002. Last previous edition approved in 2002 as E 2204 – 02.
2
For referencedASTM standards, visit theASTM website, www.astm.org, or contactASTM Customer Service at service@astm.org. For Annual Book of ASTM Standards
, Vol 04.11.volume information, refer to the standard’s Document Summary page on the ASTM website.
Copyright © ASTM International, 100 Barr Harbor Drive, PO Box C700, West Conshohocken, PA 19428-2959, United States.
1

---------------------- Page: 1 ----------------------
´1
E2204–05
3
Discount Factor Tables, Adjunct to Practices E 917, E 964, E 1057, E 1074, and E1765 , and E 1121
2.3 Other Document:
Chapman, R. E., 2000, Benefits and Costs of Research: A Case Study of Construction Systems Integration and Automation
Technologies in Industrial Facilities,NISTIR6501,Gaithersburg,MD:NationalInstituteofStandardsandTechnologyASTM
Software Product:
MNL 29, Software to Support ASTM E 1765: Standard Practice for Applying Analytical Hierarchy Process (AHP) to
2
Multiattribute Decision Analysis of Investments Related to Buildings and Building Systems
3. Terminology
3.1 Definitions—For definitions of terms used in this guide, refer to Terminology of Building Economics, E833. E 833.
4. Summary of Guide
4.1 This guide presents a stan
...