The concept of Life Cycle Costing was born at 1965 when the United States Logistics Management Institute used the term Life Cycle Costing in a military-related document. After this document, the U.S Department of Defense published three guidebooks in the early 1970s. These Publications were thresholds of Life Cycle Costing. Since 1970s, many practices and theory of Life Cycle Costing have taken place and many publications on it have appeared. This article surveys some literatures that have been published on Life Cycle Costing in USA, UK, Japan and Germany. We recognize the lessons from the theory and applications of Life Cycle Costing in historical perspective and we consider the way of applying Life Cycle Costing to Life Cycle Cost Management.