Subject Specific Guidance Life Cycle Value Realisation describes what asset management practitioners should consider and understand when optimizing life cycle costs and value. It sits under Strategy and Planning in the 10-box model. https://lnkd.in/gyzez7Si This SSG defines both Life Cycle Costing (LCC) and Value Optimisation (VO) techniques and explains how they are applied to realize life cycle value. The document explores what life cycle value realization is, including concepts, principles, and key factors. It outlines good practice areas to realize life cycle value and includes ten case studies bringing the practices described in the document to life. With thanks to the sponsors of this publication Assetivity, Bentley Systems, CGI, Copperleaf, Data and Process Advantage, KPMG, Lloyd's Register, National Grid and PLANIFIKA. #TheIAM #AssetManagement #SubjectSpecificGuidance #Lifecycle #Value #Outcomes
