The characteristics of WLC can be used in almost every decision large or small. This can be carried out very quickly in our heads or by a lengthier process of producing spread sheets and an evidence trail.  Examples of WLC have been applied in the following ways: 

1. When purchasing a piece of equipment e.g. printer (purchase price, cost of maintenance and disposal)
2. When purchasing a service (cost of service, knowledge leakage, any other associated risks or opportunity costs)
3. Capital Projects (design, build, fit out, running and maintenance, disposal and end of life) 

If as a university we are considering the characteristics of WLC in whatever we do the overall impact will be to support the continued excellence of the institution.