What are the four phases of asset life cycle?
There are four stages to the classic asset lifecycle: planning, acquisition, maintenance and disposal.
What is lifecycle asset management?
Life Cycle Asset Management (LCAM) is an integrated approach to optimizing the life cycle of your assets beginning at conceptual design, continuing through shut down and decommissioning.
What does asset lifecycle mean?
An asset life cycle is the series of stages involved in the management of an asset. It starts with the planning stages when the need for an asset is identified, and continues all the way through its useful life and eventual disposal.