Asset Lifecycle Information Management

Figure 1: Risk Management throughout the Life Cycle of a ProjectDownload Life Cycle Asset Management Whitepaper (PDF)


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. Thorough planning, analysis and timely execution allow appropriate data-driven decision-making to occur and enable LCAM to deliver optimum:

  • Operating and maintenance strategies
  • Organizational structure
  • Staffing requirements
  • Optimized PM/PdM procedures
  • Reliability engineering processes
  • Work control/planning and scheduling processes
  • Equipment criticality and hierarchy in the appropriate enterprise resource system format
  • Purchasing and stores processes
  • Maintenance inventory requirements with min./max. stocking levels
  • Training plan
  • Start up and commissioning plan
  • Decommissioning plan
  • Executive dashboards with performance baselines and targets

To ensure effective asset investment decision-making and to achieve sustainable results in business performance, companies must take a holistic approach that addresses not only infrastructure assets, but also the supporting resources, business processes, data and enabling technologies that are critical to success. This holistic approach to life cycle asset management enables vast amounts of asset data to be effectively managed and leveraged at a practical day-to-day business level. With this approach, companies can institutionalize asset management and make it a focus of the day-to-day business. Only by incorporating asset management into daily business routines can a company achieve optimum performance and full asset potential.

Foundational Elements

Three foundational elements must be in place to support life cycle asset management: management strategy, optimum organizational design and long term asset planning.

Management Strategy Development

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Bentley 应势推出了自己的资产信息全生命周期管理(Asset Lifecycle Information Management,ALIM)解决方案。不但如此,Bentley 还在近年推出了“中国唯一”和“中国优先”策略,专门成立了一个多达30人的团队,专门针对 ..


With such a focus on information assets, how you are classifying and managing information?

We use Microsoft SharePoint as one of our key collaboration tools. We are putting up identity federation models and have already built into SharePoint a classification framework based on one from the G8 countries. It is a traffic light protocol using four colors: white (public), then green, amber or red (depending on level of sensitivity).

Every time someone saves a record into SharePoint, classification is a required field. And we know that for most of the time, it is going to be green. It is the responsibility of the person storing the field to change from the default setting of gre…

Where can one find more information about asset management services

The Securities and Exchange Commission, Department of Labor, and Wet Feet all have information about asset management services. A local bank or credit union may also have more information.