L4M8 3 Flashcards
1
Q
What are the 8 elements that form the cycle of whole life asset management?
A
Lessons learned feeds into identification of needs/specifications
Pre-acquisition costs
Acquisition costs
Installation and commissioning costs
Operating costs
Maintanance cost
Perfomance/downtime monitoring
End of life disposal/recycling
Analysis of historic performance
2
Q
What are the costs associated with the commissioning of an asset?
A
Installation Training Insurance Testing Operational efficiencies/performance Quality
