All FeaturesAsset lifecycle management that knows what's next
Every asset tracked from purchase to disposal - age, condition, true cost, and predicted replacement - so the next decision is always backed by data.
Know where every asset stands
From purchase to disposal, each asset carries its age, depreciation, book value, and lifecycle stage - calculated automatically, never guessed.
Replace at the right time
Lifecycle stage plus condition score shows which assets to run longer and which to replace - so you stop retiring good equipment early and nursing failures too long.
Budget years ahead
Every asset predicts its replacement year and cost, rolling up into a capital forecast - so end-of-life arrives funded, not as an emergency.
Every asset knows its age
Purchase cost, salvage value, and expected lifetime feed a straight-line depreciation model that places each asset in one of five stages - from New to Fully Depreciated. No spreadsheet formulas to maintain; it just stays current.
- Lifecycle stage calculated automatically from age and life
- Net book value and annual depreciation per asset
- Different stages surface different priorities
- Portfolio-wide view of what's young, aging, and overdue
Age tells half the story
A 15-year-old chiller in great shape and a 5-year-old one that's been neglected need opposite decisions. AssetLab plots lifecycle stage against condition score, so every asset lands in a quadrant with a clear action.
- Old-but-healthy assets safely extended past book life
- Young-but-declining assets flagged before they fail
- Field inspections update condition scores in real time
The purchase price is just the beginning
Over a full life, an asset typically costs 2-4× its purchase price. AssetLab builds each asset's total cost of ownership automatically from work order costs - labor, parts, and vendor charges - so "keep repairing or replace?" is a calculation, not a debate.
- Every work order cost lands on the asset's record
- PM, repair, and operating costs tracked separately
- Money-pit assets surface before the next budget cycle
See replacements coming years ahead
Age, condition, and cost history feed a predicted replacement year and cost for every asset - rolled up into a capital forecast that turns end-of-life from a surprise into a line item.
- Replacement year and cost predicted per asset
- Condition assessments keep the history: a condition trend, a projected condition curve, and a suggested replacement year that feeds the planner
- 20-year capital forecast across the portfolio
- Capital Brief on the Lifecycle dashboard - keep-pace vs catch-up reinvestment and the funding gap by system class, downloadable as charts and tables
- Budget requests backed by data, not anecdotes
Reinvestment in book-value terms
Depreciation pulls Net PP&E down as assets age toward salvage. Schedule a replacement and the Planner line steps book value back up - re-bought at current replacement value with straight-line depreciation restarted. The gap is the retained value your plan defends, in the same numbers finance already reports.
- Net PP&E baseline against a reinvestment Planner line
- The same chart engine also projects condition (FCI)
- Replacements valued at inflation-adjusted CRV
- Show facilities, infrastructure, or both - one filter switches every Lifecycle element, and the Planner view shows only what you actually scheduled on each estate
- Connect operations to accounting from one plan
The work between buying and replacing
Straight-line decline assumes you do nothing until the asset dies. Real programs intervene: a roof recoat at condition 70-85 that adds five years, a boiler retube at 40-60 that resets condition to 100. Set those events once per asset type and every matching asset projects its own sawtooth curve, anchored at its own assessed condition.
- Condition-triggered events set once per asset type or type group
- Each event carries its cost, its source, and the life it adds
- The strategy-aware renewal year flows into the Lifecycle chart, the planner, and the dashboard from one shared resolver
- A Due interventions panel turns an asset sitting inside a trigger window into a work order or a project in one click
- The strategy never writes condition itself - completing the work offers the modelled score as a pre-filled assessment for a person to confirm
And everything else you'd expect
Straight-line depreciation
Annual and accumulated, per asset
Net book value
Current value from cost, salvage, and age
Lifecycle stages
Five stages from new to fully depreciated
Condition scores
Field inspections update them in real time
Cost history
PM, repair, and operating costs per asset
Replacement prediction
Forecast year and cost for every asset
Expected lifetimes
Set per asset type, refined as you learn
Timeline view
Complete audit trail of every change
Multi-site support
Unlimited sites, buildings, and locations
"I really like the integration of PM/repair work with the value of assets, easily allowing me to see which things need to be replaced in the future. The turn around time on support has been so fast, I have no complaints."
Asset Lifecycle Software FAQ
Common questions about lifecycle tracking, depreciation, TCO, and how AssetLab fits your capital planning.
