{"id":5389,"date":"2021-10-06T08:45:33","date_gmt":"2021-10-06T08:45:33","guid":{"rendered":"https:\/\/2nsystems.com\/?p=5389"},"modified":"2022-03-22T19:53:25","modified_gmt":"2022-03-22T19:53:25","slug":"stage-1-of-asset-lifecycle-management-planning","status":"publish","type":"post","link":"https:\/\/2nsystems.com\/stage-1-of-asset-lifecycle-management-planning\/","title":{"rendered":"STAGE 1 OF ASSET LIFECYCLE MANAGEMENT: Planning"},"content":{"rendered":"<h4>Asset lifecycle management begins with &#8220;<strong>planning<\/strong>&#8220;.<\/h4>\n<p><img decoding=\"async\" class=\" wp-image-5408 aligncenter\" src=\"https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Untitled-design-4-300x300.png\" alt=\"\" width=\"249\" height=\"249\" srcset=\"https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Untitled-design-4-66x66.png 66w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Untitled-design-4-150x150.png 150w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Untitled-design-4-200x200.png 200w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Untitled-design-4-300x300.png 300w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Untitled-design-4-400x400.png 400w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Untitled-design-4-600x600.png 600w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Untitled-design-4-768x768.png 768w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Untitled-design-4-800x800.png 800w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Untitled-design-4-1024x1024.png 1024w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Untitled-design-4.png 1080w\" sizes=\"(max-width: 249px) 100vw, 249px\" \/><\/p>\n<p>The first step in the planning process is to assess current resources and equipment conditions. This may be followed by verifying whether there are resources available for replacement. The asset&#8217;s life cycle refers to the process of operating and maintaining the assets from installation to disposal. This practice involves calculation of future performance of an asset, or a group of assets, through asset analysis and maintenance strategies. Such assets in our industry include <a href=\"https:\/\/2nsystems.com\/products\/power\/data-center-ups\/\">UPS systems<\/a>, generators, <a href=\"https:\/\/2nsystems.com\/products\/data-center-cooling\/\">cooling units<\/a>, power distribution, software etc.<\/p>\n<p><strong>An example of what a building manager might do during the planning stage is provided below:<\/strong><\/p>\n<ul>\n<li>A thorough evaluation of existing assets<\/li>\n<li>Securing access to the resources that are needed<\/li>\n<li>Identifying underperforming and excess assets<\/li>\n<li>Ensuring adequate maintenance of assets<\/li>\n<li>Estimating the costs of assets as well as funding for procurements.<\/li>\n<\/ul>\n<p>Lifecycle planning\u00a0can\u00a0assist\u00a0organizations in applying\u00a0asset management\u00a0principles\u00a0to\u00a0establish routine\u00a0maintenance, break-fix, and replacement strategies that are in line with business objectives and\/or financial goals. A well-defined lifecycle plan is as important as the assets themselves as business goals and objectives can frequently change. A lack of proper asset life cycle management increases the risk of unplanned outages. As a result, there could be an idle workforce and revenue losses. Additionally, assets age beyond their useful lives and become problematic, while both capital and operating costs exceed budgets.<\/p>\n<p>Utilizing a company experienced in asset lifecycle management to help track and maintain these assets can often be an efficient use of money and time. This partnership will provide a level of support and expertise to help you confidently make informed decisions regarding an assets current state and control spending by understanding maintenance and replacement cost in advance.<\/p>\n<p>As part of the planning stage, determining the existing state of equipment and the most cost-effective course of action is the 1<sup>st<\/sup> step. To\u00a0prevent\u00a0unplanned\u00a0downtime,\u00a0know\u00a0where each asset resides within the lifecycle. This will also help to avoid unnecessary asset replacement costs. By managing your assets&#8217; lifecycle, you can easily see which assets\u00a0are high priorities for replacement and\u00a0what those associated\u00a0budgets look like.<\/p>\n<p><a href=\"https:\/\/2nsystems.com\/blog\/\"><em>Be sure to check back here soon for the next installment in our Asset Lifecycle Management series.<\/em><\/a><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-5447 aligncenter\" src=\"https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Stages-Asset-Lifecycle-Management-1-6.png\" alt=\"\" width=\"1080\" height=\"1080\" srcset=\"https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Stages-Asset-Lifecycle-Management-1-6-66x66.png 66w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Stages-Asset-Lifecycle-Management-1-6-150x150.png 150w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Stages-Asset-Lifecycle-Management-1-6-200x200.png 200w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Stages-Asset-Lifecycle-Management-1-6-300x300.png 300w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Stages-Asset-Lifecycle-Management-1-6-400x400.png 400w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Stages-Asset-Lifecycle-Management-1-6-600x600.png 600w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Stages-Asset-Lifecycle-Management-1-6-768x768.png 768w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Stages-Asset-Lifecycle-Management-1-6-800x800.png 800w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Stages-Asset-Lifecycle-Management-1-6-1024x1024.png 1024w, https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Stages-Asset-Lifecycle-Management-1-6.png 1080w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asset lifecycle management begins with &#8220;planning&#8220;. The first step in the planning process is to assess current resources and equipment conditions. This may be followed by verifying whether there are resources available for replacement. The asset&#8217;s life cycle refers to the process of operating and maintaining the assets from installation to disposal. This practice involves calculation of future performance of an asset, or a group of assets, through asset analysis and maintenance strategies. Such assets in our industry include UPS systems, generators, cooling units, power distribution, software etc. An example of what a building manager might do during the planning [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":5648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Planning - Asset Lifecycle Management - 2NSystems Data Center<\/title>\n<meta name=\"description\" content=\"First in the planning process assessing current resources and equipment conditions followed by verifying available resources for replacement\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/2nsystems.com\/stage-1-of-asset-lifecycle-management-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Planning - Asset Lifecycle Management - 2NSystems Data Center\" \/>\n<meta property=\"og:description\" content=\"First in the planning process assessing current resources and equipment conditions followed by verifying available resources for replacement\" \/>\n<meta property=\"og:url\" content=\"https:\/\/2nsystems.com\/stage-1-of-asset-lifecycle-management-planning\/\" \/>\n<meta property=\"og:site_name\" content=\"2NSystems Data Center Solutions\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/2NSystems\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-06T08:45:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-22T19:53:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Asset-Lifecycle-Management-Planning.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Celina\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Celina\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Planning - Asset Lifecycle Management - 2NSystems Data Center","description":"First in the planning process assessing current resources and equipment conditions followed by verifying available resources for replacement","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/2nsystems.com\/stage-1-of-asset-lifecycle-management-planning\/","og_locale":"en_US","og_type":"article","og_title":"Planning - Asset Lifecycle Management - 2NSystems Data Center","og_description":"First in the planning process assessing current resources and equipment conditions followed by verifying available resources for replacement","og_url":"https:\/\/2nsystems.com\/stage-1-of-asset-lifecycle-management-planning\/","og_site_name":"2NSystems Data Center Solutions","article_publisher":"https:\/\/www.facebook.com\/2NSystems\/","article_published_time":"2021-10-06T08:45:33+00:00","article_modified_time":"2022-03-22T19:53:25+00:00","og_image":[{"width":1080,"height":600,"url":"https:\/\/2nsystems.com\/wp-content\/uploads\/2021\/10\/Asset-Lifecycle-Management-Planning.jpg","type":"image\/jpeg"}],"author":"Celina","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Celina","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/2nsystems.com\/stage-1-of-asset-lifecycle-management-planning\/","url":"https:\/\/2nsystems.com\/stage-1-of-asset-lifecycle-management-planning\/","name":"Planning - Asset Lifecycle Management - 2NSystems Data Center","isPartOf":{"@id":"https:\/\/2nsystems.com\/#website"},"datePublished":"2021-10-06T08:45:33+00:00","dateModified":"2022-03-22T19:53:25+00:00","author":{"@id":"https:\/\/2nsystems.com\/#\/schema\/person\/1a1351c59db5cc0dc393eae2ecb1fe55"},"description":"First in the planning process assessing current resources and equipment conditions followed by verifying available resources for replacement","breadcrumb":{"@id":"https:\/\/2nsystems.com\/stage-1-of-asset-lifecycle-management-planning\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/2nsystems.com\/stage-1-of-asset-lifecycle-management-planning\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/2nsystems.com\/stage-1-of-asset-lifecycle-management-planning\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/2nsystems.com\/"},{"@type":"ListItem","position":2,"name":"STAGE 1 OF ASSET LIFECYCLE MANAGEMENT: Planning"}]},{"@type":"WebSite","@id":"https:\/\/2nsystems.com\/#website","url":"https:\/\/2nsystems.com\/","name":"2NSystems Data Center Solutions","description":"DESIGN YOUR DATA CENTER FOR TODAY AND TOMORROW!","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/2nsystems.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/2nsystems.com\/#\/schema\/person\/1a1351c59db5cc0dc393eae2ecb1fe55","name":"Celina","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/2nsystems.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c0bd980c8ac786f3f4b80b1b0c43ab55?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c0bd980c8ac786f3f4b80b1b0c43ab55?s=96&d=mm&r=g","caption":"Celina"},"url":"https:\/\/2nsystems.com\/author\/celina\/"}]}},"_links":{"self":[{"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/posts\/5389"}],"collection":[{"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/comments?post=5389"}],"version-history":[{"count":5,"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/posts\/5389\/revisions"}],"predecessor-version":[{"id":5931,"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/posts\/5389\/revisions\/5931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/media\/5648"}],"wp:attachment":[{"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/media?parent=5389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/categories?post=5389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/2nsystems.com\/wp-json\/wp\/v2\/tags?post=5389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}