Inspection
Work Planning
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The stage in an asset's lifecycle at which it is no longer supported, maintained or considered suitable for continued service.
End of Life (EOL) is the point at which equipment, software or other assets reach the end of their intended operational or supportable lifecycle. EOL may result from obsolescence, manufacturer support withdrawal, regulatory requirements, excessive degradation or economic replacement decisions.
Identifying End of Life enables organizations to manage asset replacement, mitigate operational risk and maintain system reliability throughout the asset lifecycle.
End-of-life assessments typically consider technical condition, manufacturer support, spare parts availability, safety, regulatory compliance and lifecycle cost.
End of Life identifies when continued operation or support is no longer practical, whereas Remaining Useful Life estimates how much operational life an asset is expected to have before reaching that point.
Asset Information Management; Reliability Engineering; Lifecycle Management.
Asset lifecycle management.; Obsolescence management.; Capital planning.; Technology management.; Reliability improvement.
ISO 55000
VisualAIM connects glossary concepts to the asset records, inspection histories, and workflows they describe.
