In asset management, which lifecycle stage includes costs from warranty and delivery?

The lifecycle stage that encompasses costs from warranty and delivery is the original stage. This phase is critical because it captures all initial expenses associated with the acquisition of an asset, including purchase price, delivery costs, and warranties. Understanding this stage is essential for evaluating the total cost of ownership for an asset, as these costs will influence financial planning and budget allocation.

During the original stage, organizations establish a complete financial picture that includes both hard costs (actual purchase and delivery fees) and soft costs (such as warranty provisions). These factors play a pivotal role in decision-making processes for procurement and lifecycle management.

Other stages, such as operational, depreciation, and maintenance, focus on different aspects of asset management. The operational stage primarily involves ongoing expenses related to the use of the asset, while the depreciation stage considers the asset's decline in value over time. The maintenance stage is concerned with the costs incurred during upkeep and repairs, but not the initial costs covered in the original stage.