Learn best practices for Top strategies for optimizing asset lifecycle management in the energy sector. Introduction to Asset Lifecycle Management in the Energy Sector Asset Lifecycle Management (ALM) is a critical process within the energy sector that involves strategically managing the full lifecycle of assets, from acquisition to disposal. Assets like power plants, pipelines, and renewable energy installations are essential for ensuring operational efficiency and sustainability in the energy industry. Asset Lifecycle Management (ALM) Strategy mindmap root((🟦 ALM Strategy)) 🟦 Planning 🟧 Requirements 🟧 Scope Definition 🟧 Stakeholder Needs 🟩 ESG Alignment 🟥 Compliance 🟥 Regulatory Standards 🟥 Safety Protocols 🟦 Acquisition 🟥 Procurement 🟥 Vendor Evaluation 🟨 Digital Capability Check 🟨 Cost Analysis 🟨 TCO (Total Cost of Owners...