Asset Lifecycle Management: A Guide For Capital Project And Infrastructure Owners

By Cyndee Hoagland, Senior Vice President, and Chris Bell, Vice President, Industry Strategy, Trimble Owner & Public Sector

Asset lifecycle management is a crucial aspect for capital project and infrastructure owners. This comprehensive guide provides valuable information and guidance on effectively managing assets throughout their lifecycle. It covers various stages such as planning, design, construction, operation, and maintenance. By following best practices and strategies outlined in the guide, owners can optimize asset performance, minimize costs, and ensure long-term sustainability.

However, public infrastructure owners face challenges due to outdated technology, legacy data formats, and manual processes that result in inaccessible "dark data." This data loss leads to decreased productivity and higher costs. By implementing digital transformation, owners can uncover lost data and improve productivity and decision-making. The costs of not embracing digital transformation are burdensome for organizations already facing labor shortages and pressure to do more with less.