lifecycle management

Lifecycle Management

What is lifecycle management?

Whole life costing covers the total cost of a product over a lifetime. This includes concept, acquisition, operations, maintenance and disposal.

Lifecycle Management

how we can help with lifecycle management

Are you making good purchasing decisions? 

We can provide help in these areas by reviewing your assets.

Lifecycle Management

what is our approach?

Our approach is to look at all aspects of the life of an asset.

what is lifecycle management?

Whole life costing covers the total cost of a product over a lifetime. This includes concept, acquisition, operations, maintenance and disposal. Good lifecycle management is understanding each element and ensuring maximum value is extracted at each stage. It is also ensuring that the data, processes and competencies are in place to make good asset replacement decisions.

how we can help with lifecycle management

Do you know exactly what assets you have? What their condition is? What they serve? How critical they are? Are they still in warranty? How well are your assets being maintained? Do you have the right data to make good lifecycle decisions?  Are you getting value for money from your contractors?  Are they maintaining at the right frequencies?  Are your lifecycle models accurate and working for you? Are your contractors aware of your lifecycle objectives? Are you making good purchasing decisions? 

We can provide help in these areas by:

✓ Reviewing asset lists and associated data

✓ Re profiling lifecycle models to reflect current asset data

✓ Carryout value for money assessments – provide contractors with templates for scopes and quotes to ensure the right information is obtained

✓ Enhance processes and procedures to ensure the right level of governance on lifecycle decisions and spend

✓ Develop lifecycle strategies to enhance value of assets and limit risk

✓ Provide workshops with your supply chain to ensure that your business strategies are incorporated into scopes

✓ Complete 1 and 5 year lifecycle expenditure plans

✓ Workshops on Lifecycle and Asset Management

what is our approach?

Our approach is to look at all aspects of the life of an asset.

When reviewing processes, procedures and forms we will take in to consideration the accuracy of the asset information, gap analysis of required data, accuracy of the lifecycle expenditure models and the level of information required to and from your stakeholders.

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