What is Asset Life Cycle

[shankar]

Hi Every one,
                       I need a clarification on asset life cycle.what is asset life cycle is it
1) notready
2) operating
3) Decomissioned.

Or is it

1)Requsition
2)Procurement
3)Commissing
4)Decomissing.


Which one is the Asset life cycle from the above plz help me out

[AbhayTech]

Asset Status, when you create asset.
1) notready
2) operating
3) Decomissioned.


while Asset Life Cycle

1)Requsition:Create asset
2)Procurement:Allocation to Site,Organisation,attributes
3)Commissing:Deployment
4)Decomissing.:Verify whether asset need to destroy or can be used again with some changes,preventive maintenance

[Ethen]

and instead of creating polls please create topics only..

cheers

[shankar]

abhay thank you very much

[xjen]

To bring down an asset for maintenance, one way is to click "Report Downtime" on asset, one is to "Change status" from "Operating" to "Not Ready". I can see "Report Downtime" writes a history in ASSETSTATUS table. Does "Change Status" write history?

Which way is better?

Jen

[Ethen]

downtime is mainly used for repair when the asset is going to be up in limited or expected period of time whereas status change is used for when the time is not decided or even its not decided whether the asset will be up or not..

although both makes entry in assetstatus table downtime makes entry in asset table too as totaldowntime and is used for downtime calculation in couple of reports..

[xjen]

Hi Ethen,

Thanks for the reply. Yes it makes sense, what you say. "Change Status" is for something that is less definite than "Report Down Time". And "Report Down Time" is more related to planning, a down time can be planned for future. The start time and down time can be time in the future.

I have tested, "Change Status" doesn't insert into ASSETSTATUS table. Guess its history has to be kept, which table is used to keep its history?

Thanks.

Jen

[Ethen]

I just saw that change status doesnt make any entry in the assetstatus. Last change is recorded in the asset table itself.

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