Asset Lifecycle Management is high on the agenda of executives in manufacturing, energy. and every other enterprise where success depends upon complex equipment. They want top performance from all of their facilities across a wide range of KPIs including revenue, safety, compliance, quality, energy, and operating costs. They also expect new facilities and major upgrades to be consistently delivered on budget and on schedule so that market opportunities can be exploited. Shareholders and regulators are no longer tolerating poor performance nor are they willing to accept risks. They expect excellence in all Asset Lifecycle Management activities and want managers to immediately take the necessary actions.
ARC has been doing research in Asset Lifecycle Management for over a decade. In the process, we have developed numerous reports and concepts that help organizations take control of their investments in capital equipment. Our model for Asset Lifecycle Management is the culmination of those efforts and provides a useful platform for analyzing problems and developing strategies to achieve better performance from all capital asset investments. It identifies the key lifecycle stages and the processes that must be managed to ensure success. It also explains why critical interdependencies constrain performance and how collaboration and teamwork can be used to integrate activities and fully exploit the capabilities of a rich ecosystem of external stakeholders.
The following reports can provide you more information about ARC's Asset Lifecycle Management concepts and research. Contact your ARC client manager to learn about many other reports in this key ARC research area.
- Asset Lifecycle Management: Managing Performance Across the Asset Lifecycle
- Asset Performance Management (APM): Managing Performance of Operating Assets
How Can ARC Help?
ARC's analysts can help you analyze your current ALM situation and identify the best opportunities for improvement. They can also educate you on technologies and best practices that you can use to improve your performance and help you select the solutions that are most suitable for your company.
Functioning as members of your own ALM team, ARC's analysts can add our unique knowledge of technologies, suppliers and other ALM programs to accelerate your continuous improvement efforts.
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