A demand analysis within asset management evaluates how and why asset usage requirements may change. This includes:
Historical Demand – to establish trends and baselines.
Drivers for Change – such as population growth, regulation, or technology.
Service Level Requirements – what performance levels or capacities are expected in the future.
All listed options are integral for projecting future asset requirements and aligning lifecycle strategies accordingly.
Exact Extract from IAM – Asset Management: An Anatomy (v4), Section 4.2.1 – Demand Analysis:
“Demand analysis includes reviewing historical demand, identifying drivers for future changes, and forecasting changes in required levels of service and output.”
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