Infographic: The Asset Lifecycle
The asset lifecycle is considered one of the key processes by which asset management decisions are made. The specific criteria for each element of the asset lifecycle differ from one organization to another, but it is commonly broken down into four stages.
Check out this infographic to learn more. For a printable PDF of this Infographic, click here.
It is critical to properly manage and maintain your organization’s assets throughout each stage of the asset lifecycle. However, there are some common challenges that can arise during the operation and maintenance stage.