Asset Remaining Life Cycle Assessment is a practical and cost effective system
for calculating the remaining life of the Assets. It also gives the graphical representation
of that calculated value of the equipment. The remaining life is calculated based on
certain formula. It provides semi-quantitative analysis. Applications include piping, static
equipment, rotating equipment, relief valves and control valves. It has integrated Task
Master Technology that allows the user to easily develop an inspection work program
based on the asset assessment results. It requires a serious commitment of resources to
implement and maintain and also require a large amount of data. It meets all the
requirements of API RP 580 for an effective program. But it is much faster, easier and
cheaper to implement. This application is hope to benefit for Inspectors in order for them
to inspect the equipments and to find the remaining life of the equipments
