WEBVTT 1 00:00:02.330 --> 00:00:04.150 Every asset moves through the 2 00:00:04.150 --> 00:00:06.590 same arc: identify the need, 3 00:00:06.590 --> 00:00:08.240 create or acquire it, 4 00:00:08.240 --> 00:00:10.060 operate and maintain it, 5 00:00:10.060 --> 00:00:12.200 then renew or dispose of it. 6 00:00:12.200 --> 00:00:13.790 The cost of that journey 7 00:00:13.790 --> 00:00:15.810 is set early and grows quietly 8 00:00:15.810 --> 00:00:17.240 in the background. 9 00:00:17.240 --> 00:00:19.240 Plan the transition before 10 00:00:19.240 --> 00:00:20.780 the asset forces it, 11 00:00:20.780 --> 00:00:22.470 and the whole-of-life cost 12 00:00:22.470 --> 00:00:24.240 stays under control.