A method for minimizing the life cycle cost of processes such as heating a building. The method utilizes sensors to monitor various pieces of equipment used in the process, for example, boilers, turbines, and the like. The method then performs the steps of identifying a set optimal operating conditions for the process, identifying and measuring parameters necessary to characterize the actual operating condition of the process, validating data generated by measuring those parameters, characterizing the actual condition of the process, identifying an optimal condition corresponding to the actual condition, comparing said optimal condition with the actual condition and identifying variances between the two, and drawing from a set of pre-defined algorithms created using best engineering practices, an explanation of at least one likely source and at least one recommended remedial action for selected variances, and providing said explanation as an output to at least one user.