This handbook presents guidelines on the Life Cycle Cost Analysis (LCCA) of building operations over the life of a building to assist school districts and consultants with evaluating proposed educational facility construction projects. It defines the terminology found in an LCCA, such as initial and future expenses, residual value, real discount rate, constant-dollars, and present value; and lists possible project options that should be considered while selecting the most viable, reasonable, and cost-effective alternatives. Steps in the LCCA methodology are described along with samples of an LCCA process. Appendices list the life cycle cost categories and quantity abbreviations. The guide concludes with a glossary. (GR)