Lifecycle Management

Lifecycle Management is the business science associated with the optimization of functional capability, design cost, operating cost, maintenance cost, renewal cost and theoretical life of an asset. This is a comprehensive business process which often transcends business management lines (i.e. operations, engineering, maintenance, finance). Lifecycle Management is very difficult to manage in current technology that deals with maintenance management, design package, general ledgers, purchasing, inventory, etc.

TCPS® has the capability of capturing various activities associated with the lifecycle of an asset. With this capability, it is possible to manage lifecycle activities for a single component through to a complete portfolio of assets made up of multiple components. This allows for tracking of similar lifecycle activities, presentation of consolidated data and reporting analysis.

Altus Capital Planning Solutions provides asset managers with the methodologies required to effectively manage many different types of life cycle events and creating the structure which permits analysis of life cycle tendencies in a very large asset portfolio.