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Life Cycle
Audit
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A type of renewals plan that also contemplates the time value of money and defines the replacement reserve for the assets in a facility. |
Fig. Our cartoon character ("I. Care") is debating whether we can only "reach" life or, in some cases, "extend" the service life of assets and facilities. |
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See also: Compare with: |
(c) Copyright Asset Insights, 2000-2013, All Rights Reserved - "Insight, foresight and oversight of assets". |