Life-cycle Engineering Asset Management

  • Woo-bang Lee
  • Sang-young Moh
  • Hong-jung Choi
Conference paper


All asset life cycle phases, involving project planning, design, procurement, construction, operation, and decommission, should be considered to appropriately manage the asset. Existing EAM processes are usually planned and implemented during operation phase of asset life cycle. Therefore, the effectiveness of the processes is cut down in spite of a huge amount of efforts for process introduction. The high standard EAM model should be planned, implemented, and with a feedback loop at the beginning of the asset life cycle. Thereby, a life cycle approach can be applied to reduce operating and maintenance costs, improve equipment reliability, configuration management, and minimize risk. KHNP (Korea Hydro and Nuclear Power Co.) has developed its own Asset Management Model with reference to NEI SNPM (Standard Nuclear Performance Model), INPO ER (Equipment Reliability) process and EPRI recommendations on ER for New Nuclear Plant Projects (Design and Procurement). KHNP is gradually implementing the model into the nuclear plants in operation and will also extend to the plants under construction thus refining the model from commissioning to decommissioning phases for a complete cradle to grave approach. We plan to develop plant O&M programs at the beginning of plant design and procurement phase and transfer the programs to the operation phase. The O&M programs consist of asset registration (asset list, structure, BOM, etc.), asset classification (equipment class, functional importance, SPV analysis, etc.), and maintenance strategies and plans. Therefore, asset vendors and suppliers will be required to provide, in terms of contract, all data and information related to the O&M programs for the physical asset they offer. We are also preparing to utilize Life Cycle Cost (LCC) on a decision making process to achieve economical asset management. Technical and Financial Risks can be controlled within long term equipment reliability management plans as well. This paper represents KHNP’s Asset Management Model to share our lessons learned from the implementation tasks and feedback experts’ comments or suggestions to improve the Model.


Life Cycle Cost Asset Management Maintenance Strategy Life Cycle Cost Analysis Condition Base Maintenance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer-Verlag 2010

Authors and Affiliations

  • Woo-bang Lee
    • 1
  • Sang-young Moh
    • 1
  • Hong-jung Choi
    • 1
  1. 1.Korea Hydro & Nuclear Power Co.Gangnam-gu, SeoulKorea, Republic of

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