This process provides business planning and simulation for asset investments, as well as investment planning and cost estimation for asset projects.

Investment project planning and scoping processes involve setting up a complete project plan including structure, schedule, and assigned documents.

The investment project execution process consists of executing a project based on a project plan that includes the creation of documents, simulation of alternative project structures, and analytics.

You use this business process to maintain the master data required to perform effective maintenance on a piece of equipment. This includes the equipment master record, maintenance plan, measuring point, task list, bill of materials, and more.

The phase-out process transfers assets to be reused by another department or company or handles their disposal.

Once equipment has been phased out of service, it can be scrapped. This includes removing it from the financial asset register, complying with environmental regulations, salvaging any reusable parts, and removing it from the site.