It is recognised that good pro-active asset management can significantly optimise service delivery for asset intensive organisations.
For instance, some research indicates good asset management can reduce the cost of asset ownership by up to 40%.
Life cycle planning is a key asset management activity that can significantly contribute to reducing costs whilst at the same time achieving the required performance.
Geoff has been assisting a major water utility with the development of Asset Life Cycle Plans for key asset classes. They address key questions as depicted in the following illustration.