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Lifecycle analysis

Lifecycle analysis

Teresa Bui avatar
Written by Teresa Bui. Updated over a week ago
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Lifecycle analysis is a feature of the premium customer portal that allows clients and client groups to view asset lifecycle forecasts and analytics. Once enabled, it will be a visible widget titled Asset Lifecycle Forecast on the customer portal. You can click the Analyse spend button to bring up the spend analysis on lifecycle-enabled assets

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The life cycle portal provides the following analytics of a client/client group:

  • Spend by month by category

  • Repair spend by asset type

  • Asset lifecycle forecast

  • A dynamic table where you can track the spend for each year as well as group and subgroup the data by:

    • Asset type

    • Client (when viewing the lifecycle portal of a client group)

    • Asset ID

    • Property

    • Asset

    • Condition

    • Installation Year

    • Replacement Year

    • Installation Date

    • Replacement Price

Setting up

In order for lifecycle analysis to track properly, the following needs to be configured:

  • The asset-type must be lifecycle enabled and have a total nominal life set against it.

  • There must be an installation date present on the asset (this should be set on the asset at the time of installation)

  • Variants need to have their default replacement product set up
    Note: Make sure the pricing has been set up on the default replacement product, as without this the cost across the lifespan won't properly calculated.

Enabling lifecycle on the asset type

  1. Go to Control Panel > Asset Types > Edit the asset type

  2. In the Lifecycle analysis section, tick Is lifecycle enabled

  3. Set the Total nominal life in years

  4. Save Asset Type

Setting default replacement product on the asset type

Note: This is important as lifecycle cost will derive from this

  1. Control Panel > Asset Types > Edit the asset type

  2. Click Set advanced, search the Default replacement product in the field then select it

  3. Click Save Asset Type

Setting default replacement product on the asset variant

  1. Control Panel > Asset Types > View the asset type

  2. Click the Variants tab, then Edit the variant

  3. Click Set advanced, search the Default replacement product in the field then select it

Click Save Variant.

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