This paper examines the capital asset lifecycle and discusses how the implementation of a project management and cost controls solution (also known as a Project Management Information System or PMIS) lays the foundation upon which a complete lifecycle asset management system can be built. The paper covers the stages of lifecycle asset management and how integrating a PMIS with an integrated workplace management system (IWMS) or facilities and real estate management (FREM) solution manages the full lifecycle. It covers the implementation methodology behind a successful PMIS, IWMS / FREM solution deployment, including how consultant and client teams engage and collaborate during solution rollout. This paper also discusses three real-world use cases utilizing the systems and methodology examined to illustrate how organizations can quickly obtain maximum ROI from their solution investment.