Asset Management Planner is Covaris’ digital solution for Life Cycle Costing (LCC) and Asset Management Planning (AMP). It provides organisations with a streamlined way to forecast and manage asset costs, risks, and maintenance requirements across their entire asset base.
Using Covaris’ industry-standard libraries—or your own data— Asset Management Planner supports accurate forecasting by incorporating key asset attributes such as:
- Expected life span
- Refurbishment frequencies
- Replacement and refurbishment costs
- Standard and statutory maintenance procedures
Asset Management Planner goes beyond static planning by calculating replacement and refurbishment schedules based on asset risk, taking into account:
- Asset age
- Current condition
- Operating environment
- Usage levels
- Criticality (consequence of functional failure)
Through seamless integration with Covaris Forms, organisations can capture and update asset condition data directly into Asset Management Planner. Condition inspections can be dispatched to staff or contractors, ensuring real-time updates to your LCC models and Asset Management Plans.
In addition, Asset Management Planner enables the structured collection and management of asset-related risks and compliance actions, giving organisations a centralised, data-driven approach to asset lifecycle planning.
Asset Class Libraries
Covaris’ Asset Class Libraries provide a standardised foundation for building accurate and reliable asset management plans. Each library contains detailed information on asset lifecycles, costs, and maintenance requirements, giving organisations a consistent framework for forecasting and planning. These libraries are aligned with the Virtual Building Information System (VBIS), which standardises the classification and terminology of asset information. By leveraging VBIS, Covaris ensures that asset data is structured, interoperable, and easily integrated across different systems—making it simpler to share, compare, and manage asset information throughout its lifecycle.
Condition Inspections
Asset Management Planner and Covaris Forms work hand-in-hand to provide a seamless, end-to-end asset management solution. Covaris Forms enables the efficient capture and validation of asset data in the field—whether through barcode scanning, GPS tagging, or condition assessments—and feeds this information directly into Asset Management Planner. This real-time integration ensures that asset registers remain accurate, lifecycle forecasts are based on reliable data, and replacement or refurbishment schedules reflect the true condition and usage of each asset. Together, the two applications give organisations a powerful, connected platform to manage asset costs, risks, and compliance with confidence.
Risk and Compliance
Asset Management Planner provides a structured approach to identifying and managing asset-related risks. Each risk record captures key details—including its description, potential impact, type, subtype, likelihood, and severity—ensuring risks are clearly defined and prioritised. The application also supports the development of mitigation strategies by recording recommended actions, mitigation type, timing, and estimated implementation costs. By combining risk assessment with lifecycle forecasting, Asset Management Planner enables organisations to understand the financial and operational implications of risks and to plan effective, data-driven responses.
Reporting
Asset Management Planner delivers powerful reporting capabilities that give organisations clear visibility of their asset base, costs and risks. Users can generate high-level dashboards for executive decision-making as well as detailed reports for operational planning. Reports can be tailored to show lifecycle costs, condition trends, risk profiles, compliance actions, and forecasted investment needs—helping stakeholders at every level make informed, evidence-based decisions. With flexible export options, insights can be easily shared across teams or integrated into existing business workflows.
Development Roadmap
At Covaris, we are committed to continuously enhancing our Asset Management solutions to deliver greater value to our clients. Our development roadmap provides visibility into the upcoming features and improvements that will strengthen forecasting and risk management. By sharing our roadmap, we aim to give our clients confidence in our long-term vision and demonstrate how Covaris is evolving to meet the future needs of asset-intensive organisations.
Use At
Covaris has used Asset Management Planner to deliver projects with the following clients.
