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Working with Asset Lives

Contents
Starting a New Asset Life
Undoing Asset Life Changes
Viewing an Asset’s Costs by Asset Life
Viewing Manufacturer Information for an Asset’s Life
Viewing an Asset’s Life History
The lifetime of a maintainable, system, sub system, or component asset starts when it is purchased and lasts until it is scrapped. However, over the course of its lifetime, the asset can be rebuilt several times and restored to a “like new” condition. In APM, each of these restorations can mark the beginning of a new “asset life.”
In APM, an asset can have any number of lives. Each life is tracked with a number, a start date, and an end date. APM tracks costs and cumulative indicator information for each asset life, similar to the tracking for financial periods. In a multi-site environment, asset costs are tracked separately for each site where the asset is installed so that differences between site currencies are accurately reflected.
The topics in this section explain how to work with asset lives in APM.