Everything about Terotechnology totally explained
Terotechnology is the economic management of assets. It is the combination of management, financial, engineering, and other practices applied to physical assets such as plant, machinery, equipment, buildings and structures in pursuit of
economic life cycle costs.
It is concerned with the reliability and maintainability of physical assets and also takes into account the processes of installation, commissioning, operation, maintenance, modification and replacement.
Decisions are influenced by feedback of on design, performance and costs information throughout the life cycle of a project.
It can be applied equally to products as the product of one organization often becomes the asset of another.
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