What are the three tiers of Lifecycle Management?

The three tiers of Lifecycle Management focus on understanding the current state of assets, optimizing management practices, and enhancing processes for better onboarding and resource allocation. Knowing what you have is fundamental to effective asset management as it provides a clear picture of available resources and capacity. This knowledge allows organizations to make informed decisions regarding procurement, maintenance, and disposal of assets.

Improving management controls is essential for ensuring that processes are efficient, compliant, and minimize risks associated with asset management. Robust management controls help organizations track assets throughout their lifecycle, from acquisition to retirement, ensuring accountability and optimal utilization.

Increasing onboarding controls means establishing processes that facilitate the integration of new assets into the organization seamlessly. This includes training and equipping teams with the necessary tools and information to manage these assets effectively.

This response directly corresponds with the objectives of effective Lifecycle Management and demonstrates a comprehensive approach to managing hardware assets, highlighting the importance of oversight and continuous improvement in asset management strategies.