What is equipment life cycle management?

Equipment Life Cycle Management (ELCM) in the EPI framework refers toa structured process ensuring that all physical infrastructure and supporting equipment remain continuously fit for their intended operational purposethroughout their lifespan.

This involves:

Planning

Commissioning

Operation

Maintenance

Upgrades / Refurbishment

Replacement

Decommissioning

The objective iscontinuous serviceability, not simply determining life expectancy or cost.

Why the other options are incorrect:

A: Technical lifetime assessment ispart oflife cycle management, not the entire scope.

B: Budgeting is only one output of ELCM, not its purpose.

C: Economic lifetime is anothercomponent, but not the definition of full life cycle management.

Thus, the only correct comprehensive definition isD.

EPI DCFOM-Aligned Reference Concepts (Paraphrased)

Equipment life cycle management ensures ongoing fitness-for-purpose of all facility systems.

Covers concept-to-retirement management of assets.