The Water Framework Directive puts much emphasis on the role of economics for improving the management of water resources. In the context of the urban water cycle, previous studies have proven that Life Cycle Costing (LCC) is a useful methodology for assessing the costs of the whole cycle. However, there are many elements and factors that can influence the results of the LCC assessment and therefore affect the decision making process. The main aim of this study is to identify the main difficulties for carrying out LCC studies in the urban water cycle and to propose some solutions to overcome them. Hence, the conclusions obtained from the assessment of several case studies will be more robust. Moreover, the transferability of the results will be improved.