1. Management of Value (MoV) Guide. The Stationery Office (TSO), 2010. Section 4.4.3, "Investment appraisal," discusses Whole-Life Costing. This concept distinguishes between initial capital costs (which would include the cost of appraisal studies like MoV) and subsequent operating and maintenance costs. The cost of the study itself is not part of the system's operational budget.
2. Management of Value (MoV) Guide. The Stationery Office (TSO), 2010. Appendix C, "Techniques – Whole-life costing," explicitly breaks down costs into categories: initial capital investment, operating costs, and disposal costs. The expenditure on a pre-project study falls under the initial capital investment, not the operating costs.
3. MIT OpenCourseWare. 16.852J Integrating the Lean Enterprise, Fall 2005. Lecture 10, "Life Cycle Cost Analysis." This courseware explains that life cycle costs are composed of distinct phases, including research & development, production/acquisition, and operation & support. The cost of a value study (like MoV) belongs to the initial R&D or acquisition phase, while operating costs are part of the subsequent operational phase.