Life Cycle Management

The life-cycle consideration of assets is the prerequisite for more transparency regarding the state of buildings and installations and their costs in the company. The continuous evaluation of installations and building components reduces costs for management and resources. The information obtained from this is the basis for the support of investment and restructuring decisions. Therefore, investment peaks are avoided more easily since reliable forecasts for states and costs exist.

The core element of life-cycle management is the aging of components which is simulated in a system such as speedikon® C via so-called aging curves. It is based on components´ lifetimes which are initially taken from literature but are further sharpened during the course of the project. Therefore, replacement times of installations can be determined  easily. A regular manual evaluation verifies forecasts.  Ongoing operating costs are determined by projection of current actual costs. . The exchange costs can be generated via item catalogues or shares of total new construction costs.

External influences such as legal compliance and availability of spare parts must also be taken into consideration in addition to aging of the installation; therefore, the evaluation always consists of different criteria.

Assets are simulated in a graphical interface. The simulation provides reliable information on the development of the state of the individual installation and individual components as well as different levels of hierarchy. The state of the building can be visually recognized at a glance via traffic light system. The traffic light view is combined with cost diagrams which are showing investment peaks and cost increases.

The simulation provides even more information since any variants can be created and calculated within the simulation: what impact does an earlier exchange date have for example, how long can the building be maintained with an emergency maintenance, are repairs worth as an interim solution

Lifecycle management provides the basis for efficient budget and investment planning.