Asset Lifecycle

Unlike customizable System Element workflow, Assets have a workflow with a set of fixed Statuses.

Trackable Asset Statuses

Disposed – Disposed Assets are those removed from the field after the project is officially finished.

Deployed – Deployed Assets are those currently installed in the field.

New- New Assets are those recently purchased and available for initial installation.

Out for Repair - Out for Repair Assets are those uninstalled from the field because of an identified problem(s). These Assets may be reinstalled after repair.

Spare – Spare Assets are those currently in a Storage/Warehouse Location and available for use as replacements.

Unknown Status.  Unknown Status Assets are those that cannot currently be accounted for.

Defining Asset Lifecycle Parameters

The Asset Lifecycle configuration parameters discussed below allow for reliable data integrity and consistent application of key business rules.

The IMMS Asset Lifecycle configuration consists of the following elements:

• Asset Statuses - At any point in time, each Asset may be in one of the IMMS-defined Statuses (e.g., New, Deployed, etc.)
• Allowed Status transitions - As illustrated in the Asset Lifecycle Progression diagram below, only certain Status transitions make sense operationally. The allowed Status transitions, maintained as part of the IMMS Asset Lifecycle configuration, prevent Users from making Asset Status changes that do not make operational sense. 
• Status characteristics - The Asset Status characteristics drive enforcement of the Asset Lifecycle business rules. 

Asset Lifecycle Progression

Trackable Asset Status Transitions

The following chart illustrates the available actions a User can take with a Trackable Asset in any given Status. 

The following Assets transactions happen within System Element Lifecycle. An Asset can not be Deployed without an association with a System Element:

Trackable Asset Status Characteristics

The following table summarizes the characteristics of the Asset Statuses included in the standard Asset Lifecycle for Trackable Assets.

Consumable Asset Statuses

The following charge illustrates IMMS transactions that a User may implement with Consumable Assets, defining the initial Status (prior to transaction) and the applicable target Statuses (following the transaction).