Evaluation of the Lifetime Impact Identification Analysis: Two tests in a changeable context

Asset Life Cycle Management aims to maximize the value realized from physical assets over their complete lifetime. Over the years, the operation and maintenance of the assets must continually be adapted to changes in goals and context. In an earlier publication, we proposed the Lifetime Impact Identification Analysis to identify such changes. This paper tests this method through an application at two different companies. The method proved to result in a shared and integral overview of long-term challenges and opportunities for the asset, based on experts discussing the asset's future from a technical, economic, compliance, commercial and organizational perspective.