A consortium of core participants is currently being set up to progress the project which will have workstreams in the start of life, utilisation and maintenance and managing aging assets phases of the asset life cycle. SPEN is joining the project as an Associate. This will allow SPEN early sight of the outputs of the project and an opportunity to influence them. The cost of this project membership is £5k.
It is anticipated that the project will provide spin off to SPEN in improving the optimisation of spend and managing the lifecycle of the assets through the tools developed by the project consortium.
The project duration is 3 years.
The project will particularly aim at providing integrated solutions across the asset life cycle and will provide a particular focus in the management of aging assets area.