The Lifecycle Costs TSI helps you understand how much your assets are likely to cost over time.

Lifecycle Costs enable organizations to estimate the long-term financial impact of maintaining and replacing assets. Instead of viewing maintenance costs in isolation, lifecycle costs allow you to compare multiple maintenance strategies by creating different asset scenarios.

Each scenario can model different assumptions, such as:

After defining a scenario, you can generate projected costs over multiple years to compare different lifecycle strategies.

You can use it to look ahead and see the expected costs of maintaining and replacing assets over a period of up to 50 years. You can also compare different plans for managing your assets and see how each plan affects future costs.

For example, you can compare the cost of replacing an asset sooner with the cost of keeping it in use for longer through additional maintenance. This helps you choose the approach that best fits your budget and long-term plans.