Best practices for your assets
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Many companies are striving to reduce operational costs and extend the life of aging assets. This is critical for reducing the Total Cost of Ownership (TCO). Evaluating and decreasing TCO is becoming more important as industries mature and look to increase profits by reducing costs. Conducting life cycle cost analysis, increasing asset life extension, and streamlining maintenance are important tools.
The Checklist will give you best practices to keep in mind when planning your Asset Life Extension process.The following topics are covered:
1. Organizational Factors
2. Planning and Implementation
3. Monitoring, Audit and Review