Asset Lifecycle

An asset's lifecycle can be broken up in a number of different ways.

System 1

1. Plan
2. Acquire
3. Deploy
4. Manage
5. Retire

System 2

1. Identify need
2. Gap and requirements analysis
3. Plan
4. Design
5. Procure or Build
6. Commission
7. Operate, Maintain & Monitor Performance
8. Modify or Upgrade
9. Decommission (Replace or Dispose)

Related Pages

• Lifecycle Cost

External Links & References

1. Asset Management Policies & Practices (Section 1.2)
2. Google Search

Contributors

The following site members have contributed to this page:

• DDanielsson
• Wayne Eddy