Plant Lifecycle Management (PLM)

Plant Lifecycle Management (PLM) is a systematic approach to overseeing all stages of a manufacturing plant’s existence—from initial design and construction to operation, maintenance, and eventual decommissioning. It integrates data, processes, and practices to optimize efficiency, safety, and performance throughout the plant’s lifespan. By using digital tools and information sharing, PLM ensures that changes are managed smoothly, resources are used effectively, and compliance is maintained, ultimately maximizing the plant’s value and longevity.