Design principles for successful adoption of life cycle thinking in asset management decision-making

While Asset Management (AM) organizations are increasingly using Life Cycle Thinking (LCT) studies to assess their long-term plans, the translation of the LCT outcomes into actionable decisions often appears to be lacking. The international industry standard on AM can aid in improving organizational sustainability and is therefore used to study fourteen LCT cases. Subsequently, several design criteria and principles are suggested, based on existing literature. Clarity about ownership is necessary in order to align the perspectives of project leaders and LCT performers. Furthermore, attention should be distributed across the analysis and subsequent action, and better-fitting management styles should be applied.