Asset Useful Life Analysis

This analysis estimates the remaining useful life of assets based on their performance and maintenance history. It aids in making informed decisions about asset replacement and capital planning, ensuring optimal asset utilization and investment.

Here is a reference video:

1. Click on Analytics from the menu.

2. Click on Assets.

On top right corner click on Next and go to Asset Useful Life Analysis Page as shown below:

These reports and analytics tools collectively enable organizations to enhance operational efficiency, reduce downtime, and manage maintenance costs effectively. Estimates the remaining useful life of assets.

1. Utilizes data from performance and maintenance history.

2. Helps in making informed decisions about:

•       Asset replacement

•       Capital planning

4. Ensures optimal asset utilization and investment.

5. Assists in prioritizing maintenance and replacement activities.

6. Helps in avoiding unexpected failures and downtime.

7. Useful for:

•       Long-term asset management and planning.

•       Maximizing return on investment in assets.

•       Ensuring reliability and efficiency of operations