1. Life Cycle Engineering, Inc. (LCE) will lead the development of an asset
or functional location hierarchy that allows the tracking of assets and their
locations using the “parent – child” relationship between physical location,
production lines and assets. These hierarchies will support your corporate
financial structure.
Scope of Services:
• Evaluation of the existing or development of a new hierarchy as per ISO
14224 and BSI PAS-55 standard
• Evaluation of the overall operational hierarchy structure for the organization
• Assessment of the need for both an asset and location hierarchy to
address distributive systems, rotatable pool, and linear assets
• Development and definition of asset classification and required attributes
down to the lowest maintainable asset
• Asset cataloging of databases for migration to EAM
Approach:
The LCE Asset Management Specialist will:
• Evaluate existing hierarchy to ensure that industry best practices are
incorporated
• Assess functional block diagrams, P&I Drawings, and electrical diagrams
to ensure hierarchy and actual equipment in place are aligned
• Determine the need for both an asset and location hierarchy to address
distributive systems, rotatable pool, and linear assets
• Verify that all equipment components are covered to the lowest level in the
hierarchy
• Assist in the standardization and structure of asset attributes
Deliverables:
• An Asset/Equipment or functional location hierarchy that meets industry
best practices standards
• A developed hierarchy in electronic format for uploading into an
EAM system
Asset Management Service:
Hierarchy Development
To learn more about the Life Cycle Engineering, contact: 843.744.7110 | info@LCE.com | www.LCE.com
About Life Cycle Engineering:
Life Cycle Engineering (LCE) provides reliability
consulting, engineering services and applied
technology and education solutions that help
both government and private enterprises achieve
sustainable success. Widely recognized as the
premier provider of innovative and successfully
executed reliability and maintenance solutions
worldwide, LCE’s areas of focus include: design
& engineering, logistics support, information
technology applications, program management,
change management, education and holistic
implementations of Reliability Excellence (Rx).
Our Solutions & Services:
• Reliability Consulting & Services
• Change Management Services
• Asset Management Services
• Net-Centric Solutions
• Engineering & Technical Services
• Integrated Logistics Support (ILS) Services
• Financial Management Services
• Program Support Services
About the Life Cycle Institute:
The Life Cycle Institute designs, develops and delivers
learning solutions that change behavior to produce
desired results. When the Institute is engaged,
learning is not an event but an active learning
experience where proven adult learning methods
are applied to ensure on-the-job application of new
knowledge and skills. An investment in training with
the Life Cycle Institute is unique because we offer:
• Facilitators and Learning Leaders who practice
what they teach and teach what they practice
• Cutting-edge course content and development
services, updated with the latest tools and
methods
• Adult learning methods that minimize lecture
and emphasize learning by doing
• Classrooms that facilitate learning