LCM Cornerstones

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 how to reach it.

Making well-informed decisions

Systecon’s approach Analytical LCM is a way to ensure that decisions are based on solid decision support, where state-of-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 put relevant and reliable information and consequence analysis at the fingertips of the decision makers for each major decision. Future costs and expected readiness of the technical systems in different potential scenarios can be predicted.

The impact of changes to planned operations, the technical system design or the 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 cornerstones are essential to succeed

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

 

Management Strategy

Decision makers, Program management and other key personnel need to understand and recognize the importance and key principles of LCM and its possibilities and objectives. Based on this, plans, processes and standards should be put in place to provide structure and methodology and to define how LCM will be a main consideration at all key decision points.

The goal is to get the whole organization to understand, embrace and apply LCM, so that it is a natural part of all major decisions regarding the systems fleet, its operation and its maintenance. If its regarding changing the brand of oil-filters or regarding a replacement of the whole fleet.

Learn more about Management Strategy

Analytical Capability

Decision making is often based on attempts to predict 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, considering the stakes and costs involved, major decisions are based on gut feeling alone, or on quick rudimentary analyses. Effective and proactive LCM requires a capability to analyse and evaluate alternatives and to optimize solutions for cost effectiveness.

Opus Suite is an ideal software tool for such analyses. Furthermore,  appropriate knowledge, skills and methods must be established.

Learn more about Analytical Capability

Information Management

Access to valid information regarding the technical systems, their operation and support is essential for the ability to make good decisions.

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.

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All three cornerstones must be in place

These three cornerstones are all important, and neither of them should be ignored or overly emphasized. It is not enough to gather vast amounts of data in an ERP-system without a management strategy regarding how it will be utilized, and an analysis capability that can turn it into usable information.

It is also not sufficient to follow all the checklists in an LCM-standard if lacking the capability to perform analyses or management commitment and guidance regarding how it will impact decisions and actions.

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Put your cornerstones firmly in place!

Please contact us to discuss benefits 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, and thereby building a long term capability for proactive and effective Life Cycle Management.

Contact us!