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Asset lifecycle management

Guide to managing asset lifecycle for smarter maintenance and investment planning.

Basman Abu Gazi avatar
Written by Basman Abu Gazi
Updated yesterday

The new asset lifecycle management feature is here to help you stay in control of your equipment—not just today, but long-term. With this tool, you can track the full lifecycle of each asset, make informed decisions about replacements or upgrades, and plan capital investments with confidence.

Whether you’re managing HVAC systems, elevators, or other critical building equipment, this view gives you clarity on where each asset stands—and what’s next.



1. How to access asset lifecycle

Start by navigating to the equipment you want to manage.

  1. Go to My Property

  2. Select your building (or buildings)

  3. Click on Equipment

  4. Choose Asset Lifecycle (You’ll find this tab at the center-top of your screen, under the equipment name.



2. Asset lifecycle view

The asset lifecycle screen is split into two clear sections:


Top section: summary insights

Shows calculated data based on what you've entered, like:

  • Estimated end of life

  • Remaining useful years

  • Overall condition


Bottom section: data input

This is where you enter or edit key details:

  • Installation date

  • Estimated useful life (in years)

  • Cost warranty expiration

💡 You can also enter this data when creating a new equipment—more on that below.



3. How is the data calculated?

We keep it simple, but powerful:

  • End of life = installation date + estimated useful life

  • Remaining useful life = end of life − today's date

  • Overall condition = based on system logic and manual updates

This gives you a reliable picture of how much time you have before the asset may need replacement or attention.


4. Add lifecycle data while creating equipment

To add lifecycle information when creating new equipment:

  1. Click Add New

  2. Choose Advanced Settings

This will open extra fields where you can enter:

  • Installation date

  • Estimated useful life (in years)

  • Cost

  • Warranty expiration datee

Filling this out from the start ensures your lifecycle data is always accurate and up to date.



5. Lifecycle data in the equipment table

Once asset lifecycle data is added, you’ll see it directly in the equipment page:

  • New columns for overall condition and estimated useful life

  • Filter and sort your equipment by these values to stay on top of what needs attention first

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