Many organizations experience a continuous pressure to increase performance, sustainability and adaptability of technical systems, while simultaneously minimizing the total cost of ownership. There is broad consensus both on the importance of LCM and on its main objective – cost effectiveness throughout the system life cycle. Clearly, the challenge lies not in defining the goal, but in reaching it.
Making Well-informed Decisions
Systecon’s approach to Analytical LCM is a way to ensure that decisions are made by means of solid decision support, where state-of-the-art analysis methods provide an enhanced and aggregated knowledge based on the latest and best information available.
Our holistic Concept Gives You the Information You Need
Properly applied, Systecon’s analytical approach to LCM puts relevant and reliable information and consequence analysis at the fingertips of the decision makers for each major decision. This allows prediction of future costs and expected readiness of the technical systems in different potential scenarios.
The impact of changes to planned operations, the technical system design, or the support system can be evaluated and mitigated. Ultimately, the aim is to facilitate a seamless integrated loop of information gathering, analytical capability, decision making and implementation.
Three Essential Cornerstones for Success
To succeed, truly implement and get the full benefit of LCM, three equally important cornerstones must be put in place: Management Strategy, Information Management and Analytical Capability.
Neither of the cornerstones should be ignored, nor overly emphasized. For example, it is not enough to gather vast amounts of data in an ERP-system without having a management strategy to determinate how it will be utilized, and an analysis capability that can turn that data into usable information. Correspondingly, it is also not enough to follow all the checklists in an LCM-standard if the capability to perform analyses, management commitment and guidance regarding how it will impact decisions and actions are lacking.
Decision makers, program managers and other personnel within a company who are involved in the decision-making progress, need to understand and recognize the importance and key principles of LCM, along with its possibilities and objectives. Based on these principles, plans, processes and standards should be put in place to provide structure and methodology, and define how LCM will be a main consideration at all key decision points.
The goal is to enable the organization as a whole to understand, embrace and apply LCM in a way that makes it a natural part of all major decisions regarding the systems fleet, its operation and its maintenance, whether it regards changing the brand of oil-filters or replacing of the whole fleet.
Decision making is often based on attempts to predict the potential consequences of the alternatives at hand. In LCM specifically, focus typically lies on predicting the impact a decision may have on performance and cost.
Surprisingly often, given the stakes and costs involved, major decisions are based on gut feeling alone, or on quick, rudimentary analyses. Effective and proactive LCM requires the capability to analyze and evaluate alternatives and to optimize solutions for cost effectiveness.
Opus Suite is an ideal software tool for such analyses, allowing for appropriate knowledge, skills and methods to be established and utilized.
Access to valid information regarding the technical systems, their operation and their support is essential for cultivating good decision-making capabilities.
Information Management is required to ensure that the right information is gathered, structured, and stored in an accessible manner, to facilitate relevant and reliable analysis and decision support in all phases of the systems’ lifecycle.
Put your cornerstones firmly in place
Please contact us to discuss and requirements for analytical LCM in your program. We will be happy to provide recommendations for how to move from theory to practice with the three cornerstones in mind, thereby building a long-term capability for proactive and effective Life Cycle Management.