Assets & The active Life Cycle – Capital, Operational & Maintenance Decision Making
At every stage of the life cycle delivery, tactical decisions will be made. These decisions should be guided by criteria, policies and procedures.
The purpose of the asset management is to support the delivery of organizational objectives and maximize the VALUE.
An investment’s value is used to determine both its independent merit and its standing among other investments competing for resources in a constrained optimization process.
It′s important to note that the operational stage is the only phase where an asset is contributing value to the business.