4. The Life Cycle Management of a Nuclear Power Plant The Life Cycle Management of a Nuclear Power Plant Long-term nature of a nuclear power plant requires the adoption of a similarly longterm approach to the consequences of decision making. The Life Cycle Management of a Nuclear Power Plant Managing the life cycle stages of a nuclear power plant involves decisions that create a balance between: - safe operation, and - stewardship of assets The Life Cycle Management of a Nuclear Power Plant This requires understanding of: - life cycle stages - mission of the owners - political and economic environment - long term strategic direction - ability to assess the impact of decisions taken The Life Cycle Management of a Nuclear Power Plant What is Life Cycle Management? safety management + ageing management + business management decisions + economic considerations The Life Cycle Management of a Nuclear Power Plant What period of time is considered to be a NPP´s life cycle? That period of time that covers all stages from design through to decommissioning, including recovery of the site and the disposal of fuel and waste.