To apply best practices in asset management, it is essential to have information about the replacement cost of assets. In this context, the replacement cost and remaining useful life, considered within their strategic and decision-making framework, are essential calculation elements to optimize investment planning.

• Investment management based on the end of asset life
• Replacement value included in the inventory
• The remaining useful life can be calculated based on the assetcondition, inspection results, and theoretical lifespan.

Interventions govern all events that occur during the life of an asset. An intervention is an object always associated with an asset that contains data related to its type, condition, or operational status. Every intervention is dated and therefore time-referenced. The set of interventions linked to an asset forms a history through which Stelar can learn to predict events and their costs.

• Types of interventions: installation, replacement, repair, inspection, engineering calculation, condition change.
• Types of associated costs: OPEX, CAPEX
• Comprehensive management of interventions based on cost and schedule.

A project groups together all the recommended interventions associated with an asset, type of intervention, or asset type within an organization. It has a name, a cost, and a priority. It provides a high-level overview of the work related to a set of recommended interventions. The project can be adjusted over time to manage projects and optimize budgets.

• Grouping interventions into projects
• Managing cost lines associated with an evaluation precision of projects
• Project status and progress
• Revised costs of interventions

The investment plan facilitates the management of projects within your asset portfolio. It enables organizations to plan, approve, and track the entire CAPEX and OPEX investment process. It provides the opportunity to prioritize your integrity-related projects within the project portfolio based on targeted benefits and performance indicators.

• Plan investments
• Categorize cost types (OPEX, CAPEX)
• Estimate the cost of interventions and projects

Each project is costed as the sum of the costs associated with the recommended interventions that comprise it and can be re-evaluated using an adjustment feature for additional costs (contingency, engineering, labor, indirect costs, supplies, equipment).

The investment plan is visualized using a dashboard that presents all planned projects over time. Using various filters, it becomes possible to understand specific elements related to certain locations, assets, etc., from an overview perspective.