Life Cycle Management

AMC T&T has invested heavily in recent years to be able to actually apply Life Cycle Management (LCM) in practice. LCM 2020 is the result as a whole renewed asset management approach with the primary objective: Optimizing the effort/ costs and risk management with respect to the required performance/ deployment of the asset.

LCM 2020 Spearheads

  1. Transparent information and communication platform
  2. Close the PDCA circle
  3. ISO 55001 compliant
  4. Optimal balance between Performance, Costs and Risks
  5. Focusing on assets and actors throughout the entire life cycle
  6. Continuous Improvement
  7. Supporting long-term service contracts
  8. Suitable within every organization and / or contract type


DYNAM is developed to implement Life Cycle Management in a professional manner and to guide on a basis of system models. To optimize the future cost effectiveness, simulations can be performed based on different usage profiles. The risks involved are then identified, analyzed and controlled in a structured way within ORCA.


DYNAM is an abbreviation for Dynamic Asset Management. DYNAM is a Life Cycle Simulation Tool and is developed to be able to modulate assets across parts of their life cycle in a practical and transparent manner. This modulation runs on different scenarios.

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ORCA stands for Overall Risk Control Application. ORCA has been specially developed for ‘integrated’ risk management using risk registers and control measures.


To properly implement and use asset management standards, methods, techniques and tools, professionals with the applicable skills & competences are needed.

To achieve this, AMC T&T has developed a balanced training program that seamlessly meets those needs. By making use of a digital learning environment containing the complete set of instruments; the required knowledge and skills can be thought effectively.

LCM Need Assessment

This Module handles about how the (future) needs of an asset over his lifecycle can be specified in a business economical way.

The approach is based on so-called “system thinking”. This is an approach for managing and maintaining physical objects. You become acquainted with concepts such as;
system boundaries, subsystems, functions, installations, and with activities within the context of asset management. This module connects to the Asset Logistics Engineering lesson modules.

Life Cycle Management

In this module, LCM is presented as a method that enables organizations to make decisions based on ‘System Cost-Effectiveness’. The required ‘system output’ is presented in such a way that it is also possible to start working on the basis of performance contracts, whereby the ‘customer’ (owner / operator) can then make choices based on the (production) output to be realized. both the short and long term.

With LCM the following is pursued:

  • influencing the design and realization of an asset in order to minimize the lifetime costs, with regard to RAMS SHEEP (Reliability, Availability, Maintainability, Safety, Security, Health, Environment, Economics and Politics);
  • designing an optimal arrangement of the logistical support during the exploitation phase;
  • being able to determine the necessary maintenance activities per maintenance level;
  • being able, in conjunction, to define the necessary maintenance needs for the maintenance phase, such as; spare parts, tools, measuring and testing equipment, technical documentation, facilities, maintenance software, training and personnel;
  • being able to actually provide logistical support at the lowest possible total costs;
  • the timely detection of obsolescence / technical obsolescence of system parts and / or components, in order to prevent related problems;

on the basis of so-called ‘real options’, elaborate alternatives to support decision-making by (higher) management.

Life Cycle Simulation

This module supports the LCM module and specifically addresses the following questions:

  • Which scenarios can be expected?
  • What requirements are set for the asset (system)?
  • Which requirements can (logically) be made of the asset (system)?
  • What can we expect in terms of results / system cost effectiveness?

This module / workshop takes 1 to 3 days and offers advanced knowledge of system modelling and how to apply this in practice.

User skills are obtained by working with various real-life cases in the digital learning environment of DYNAM.

An Asset Management Control Game environment (DGAME) is available to experience the usefulness of Life Cycle Simulation in practice.


Support usually consists of advice, IT Engineering and support with implementations.

With this, every specific customer need fulfilled and often tailor-made solutions can be provided following a generic asset management implementation in accordance with ISO 55000.


For example, specifying a Sustainable Asset Management Information System (SAMIS) for incinerators. For this application a complete asset management package has been developed including the maintenance cycle. The focus is on moving from simulation to LCM monitoring and control.

The basis for this development is the asset management system (AMS), as described within the ISO 55000.

IT Engineering

IT Engineering support can consist of:

  • expand or adjust the user interface
  • setting up or redesigning the data warehouse
  • linking other applications / databases to one or more AMC Tool (s).


Implementation support can consist of:

  • support with the (initial) realization of LCM products such as; planning, budgeting, modeling, simulating and reporting on the life cycle of assets.
  • performing specific activities, whether or not on a project basis.