ASSET REPLACEMENT DECISIONS
DST LIFESPAN EVALUATOR™
The SALVO Process provides a logical and transparent way of determining when to make asset replacement decisions around aging assets, or whether (and how much) to extend their lives.
This process, supported by a unique decision support tool, DST LIFESPAN EVALUATOR™, provides a combination of systematic process discipline, methods of quantifying all the factors in the decision, instant ‘what if?’ evaluation, and a clear audit trail for all assumptions, uncertainties and alternative scenarios.
Using simple storyboards, the process also helps you to capture, filter and exploit all sources of knowledge about asset life cycle costs, risks, performance, maintenance, refurbishment and replacement options. It also includes methods to quantify uncertain assumptions and intangible factors, such as reputation and customer impression.
The SALVO Process and DST LIFESPAN EVALUATOR™ provide the most systematic, transparent and robust method for determining and proving what is worth doing, and when. With benefits such as these, it is no surprise that leading multinationals have made the SALVO Process and use of the DST ASSET STRATEGY EVALUATOR suite mandatory for their asset renewal justifications. The methods are also used and proven in industries such as:
- Electrical and water utilities
- Facilities management
- Oil and gas
If you are concerned about observed or forecast deterioration in asset performance or condition; technology overtake/obsolescence, supply chain risks or spares availability; changing regulatory, customer or functional requirements; or growing system integrity risks, please contact us to discuss. A pilot study will rapidly show you both the enormous value of our approach and its applicability to your specific processes, assets and business context.
THE SALVO PROCESS | GUIDEBOOK
If you would like to learn more about the SALVO process, please download one of our extracts below taken from the SALVO guidebook Asset management decision-making: The SALVO Process.
ASSET REPLACEMENT OR LIFE EXTENSION
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