Procurement and delivery of the solution to time, cost and quality targets.

The Implementation Phase involves translating approved asset plans into physical or system outputs. It encompasses procurement, execution, and delivery to specification and budget constraints.

Concept and definition phases precede this stage.

Handover follows this phase and deals with asset operational readiness.

Exact Extract from IAM – Asset Management: An Anatomy (v4), Section 3.4.2 – Life Cycle Stage: Implementation:

“This phase includes procurement, construction, installation, testing, and commissioning of the asset or solution. It is where time, cost, and quality performance is most closely monitored.”