Domain 05

Asset Management

Capital and lifecycle decisions: lifecycle cost, ROI/NPV, repair vs replace, lease vs buy and depreciation.

Standards referenced: ISO 55000 · 55001 · 55002

The true cost of ownership — not just the purchase price.

Payback, ROI, NPV and IRR for a reliability or capital project — the finance-software answer, free.

Settle repair-or-replace with Equivalent Annual Cost — the asset-management answer, free.

Lease or buy that machine? Compare the present-value cost of each — finance-grade, free.

Straight-line, declining-balance or sum-of-years — annual depreciation and book value, free.