LGAM Knowledge Base

The Remaining Useful Life (RUL) of an asset is the estimated length of time remaining before it will need to be replaced.

Determining Remaining Useful Life

Determining an accurate remaining useful life for an asset is an important step in determining when the asset should be renewed.
There are number of factors that will effect the RUL of an asset, including its;

• Condition
• Operating Environment
• Service Level

Obsolescence may also be an issue in some cases.

External Links & References

1. NAMS.AU Position Paper - Determining Remaining and Useful Life