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    Asset-Linked Projects
    Task Dependencies
    Budget vs. Actual Tracking
    Real-Time Health Metrics

    Project Management Built for Capital Assets

    Connect Projects to the Assets They Impact

    Stop managing capital projects in spreadsheets disconnected from your assets. AssetLab's project management ties directly to sites, buildings, systems, and assets—so when a chiller replacement project completes, the asset record updates automatically. Track tasks with dependencies, monitor budget variance in real-time, hit critical milestones, and see at-a-glance health metrics that tell you if projects are on track, at risk, or off track.

    Asset-Linked
    Projects Track Exact Assets
    Dependencies
    Task Blocking & Prerequisites
    Live Variance
    Budget & Schedule Tracking
    Auto-Update
    Assets on Project Close

    Why AssetLab Project Management Is Different

    Every project connects directly to the physical assets it affects—no more disconnected spreadsheets

    Asset-Linked Project Scope

    Traditional Project Management

    • Projects tracked in Excel, assets tracked separately
    • No connection between project completion and asset records
    • Manual updates to asset condition after work completes
    • Guessing which assets are part of which projects
    • No automatic asset tagging or lifecycle updates

    AssetLab Asset-Linked Projects

    • Projects directly linked to sites, buildings, systems & assets
    • Asset records auto-update when projects close out
    • Condition scores & purchase dates sync automatically
    • See exactly which assets are impacted by each project
    • Full traceability from project → work order → asset

    Real-World Example

    A $2.4M HVAC Modernization Project is scoped to Main Campus → Building A → Chiller System. AssetLab automatically pulls in all 12 assets in that system. When the project closes, condition scores reset to 100%, purchase dates update to today, and lifecycle tracking restarts—no manual updates needed.

    Real-Time Project Health Metrics

    Instant visibility into budget variance, schedule variance, and completion status

    HVAC Replacement - Building A

    On Track
    Overall Progress
    68%
    Budget Variance
    -2.3%
    Over budget
    Schedule Variance
    1 days
    Ahead of schedule
    Tasks Completed
    24/35
    69% complete

    How Health Status Is Calculated

    On Track

    Budget variance < 5%, schedule within ±3 days, no overdue critical milestones

    At Risk

    Budget variance 5-10%, schedule 3-5 days behind, some overdue milestones

    Off Track

    Budget variance > 10%, schedule > 5 days behind, critical milestones overdue

    Everything You Need to Manage Capital Projects

    From task dependencies to budget forecasts, all in one place

    Tasks with Dependencies

    Create tasks, subtasks, and blocking dependencies. Task B can't start until Task A completes. Track assigned users, due dates, and completion percentages.

    Budget Planning & Tracking

    Set planned budget by category (labor, materials, equipment). Track actual costs as invoices come in. See budget variance in real-time with cost snapshots.

    Milestone Management

    Define critical project milestones with due dates. Track completion status. Flag milestones as critical to trigger health alerts if they slip.

    Team Collaboration

    Assign project managers and team members. Track active vs inactive participants. See who's responsible for each task and milestone.

    Project Updates Feed

    Post regular updates on configurable schedules (monthly, quarterly, bi-annually, annually). Track missing periods. Keep stakeholders informed.

    Completion Workflow

    On project closeout, automatically update all linked assets. Reset condition scores to 100%, update purchase dates, restart lifecycle tracking.

    Project Lifecycle in AssetLab

    From planning to closeout, every phase connects to your physical assets

    Planning Phase

    Define Project Scope

    • Select sites, buildings, systems, or specific assets in scope
    • Set total budget and break down by category (labor, materials, equipment)
    • Define start date, end date, and project manager
    • Create critical milestones with target dates

    Example: "Chiller Replacement Project" is scoped to Main Campus → Building A → HVAC System. AssetLab automatically identifies the 3 chillers, 8 air handlers, and 12 thermostats in that system—all linked to the project.

    How Teams Use Asset-Linked Project Management

    "We used to track capital projects in Excel and update asset records manually after completion. Missed updates all the time. Now when a project closes in AssetLab, the asset records update automatically. Our asset register is finally accurate."

    David Martinez
    Facilities Director, Healthcare System
    100% asset accuracy

    "The task dependency feature saved our $8M renovation. We had 140 tasks across 6 phases. AssetLab showed us which tasks were blocking others. When electrical fell behind, we immediately saw 23 downstream tasks would be delayed. We adjusted resources before it cascaded."

    Lisa Thompson
    Project Manager, Education
    23 delays prevented

    "Real-time budget variance is a game-changer. We used to discover overruns at month-end. Now we see it daily. If a project hits 8% over budget, management gets an At Risk alert. We've caught budget issues 3-4 weeks earlier than before."

    James Foster
    Capital Planning Manager, Government
    3-4 weeks early warning

    Stop Disconnecting Projects from Assets

    Every capital project touches physical assets. It's time your project management system reflected that reality. Track budgets, manage tasks, hit milestones—and keep asset records accurate automatically.

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