Effective asset lifecycle management can extend life, reduce costs and make the asset more reliable and efficient.
LifeCycle Assessment (LCA) & Extention is the evaluation of the cost, impacts, accrued benefits and revenues associated with the creation, management and disposal of an asset (or a set of corporate assets) during its entire life cycle.
Accurate planning and an analytical framework based on data, as well as the timeliness of execution of the interventions, allow the implementation of an adequate decision-making process that has a beneficial influence and ensures optimization in relation to:
Operational and predictive maintenance strategies
Organizational structure, project management and personnel requirements
Reliability engineering processes
Control and work planning processes
The key elements are:
Long-term asset planning
It requires an understanding of the current and future conditions and reliability of the infrastructure, the costs and risks associated with the implementation or postponement of the necessary improvements
Optimal organizational design
It requires an adequate organizational structure with defined roles and responsibilities and qualified resources available and appropriate to achieve the program objectives
It requires an understanding of the advantages of a structured asset management and improvement plan that allows for a constant monitoring and maintenance process throughout the life cycle