Lifecycle Asset Management
Lifecycle Asset Management is the strategic planning and execution of maintenance, optimization, and replacement of physical assets within a facility. This enhances asset performance, longevity and cost-effectiveness, ultimately contributing to organizational sustainability and productivity in facilities management.
Level 1: Emerging
At an emerging level, you are gaining understanding of the lifecycle process for managing assets. You assist in asset planning, acquisition, maintenance, and disposal within a facilities management context.
Level 2: Proficient
At a proficient level you are skilled in developing asset management strategies, conducting lifecycle cost analysis, and implementing maintenance plans to ensure optimal performance and longevity of facilities assets.
Level 3: Advanced
At an advanced level, you are able to develop and implement comprehensive strategies for the lifecycle management of assets within facilities, optimizing performance, sustainability, and cost-efficiency.
