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TERM DEFINITION(S)

Asset Lifecycle Management

1. The professional discipline that is considered to be part of the greater discipline known as Asset Management and that involves working with, in or on any aspect of planning, delivering, operating or supporting for one or more Asset Items or any and all solutions put in place to deal with such Items throughout the entire Asset Lifecycle.

2. The solution set that a person or organization puts in place to manage one or more Asset Items, throughout their Lifecycles.

3. The process or processes put in place by a person or organization to assist in the management, coordination, control, delivery, or support of one or more Asset Items, throughout their Lifecycles.

4. The Enterprise Capability that represents the general ability or functional capacity for a Resource or Organization to deal with or handle one or more Asset Items, throughout their Lifecycles. Such a term is often used by Information Technology (IT) Architects when performing or engaging in the activities associated with general Capability Modeling.
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1) The Semantic Root Noun for this term is: Asset
2) Semantically Related Terms: The "Asset Management Glossary"Semantically Related Terms and Phrases
3) The Asset Management Home Page covers much more about other related terms and concepts associated with this term or phrase.









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