Director: Asset Lifecycle Planning / Performance (LCP)

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Job Description:

**Join a Landmark Giga-Project Shaping the Future of Saudi Arabia**

Our client is delivering one of the Kingdom’s most ambitious and high-profile giga-projects, set to redefine global standards in destination development, innovation, and visitor experience. As part of the integrated Delivery Partner team, you will play a key role in planning, designing, and implementing world-class assets and infrastructure that support the Kingdom’s Vision 2030.

This is a unique opportunity to contribute to a pioneering program at scale, working alongside industry-leading experts, cutting-edge technologies, and diverse stakeholders. If you are driven by challenge, motivated by impact, and eager to be part of a legacy project that will influence generations to come, we invite you to consider joining this transformative journey.

The Asset LCP (Lifecycle Planning / Lifecycle Performance) Director is the senior strategic leader responsible for forecasting, planning, and managing the long-term economic life of the mega project developer client’s multi-billion-dollar infrastructure portfolio.

The primary mandate is to balance Total Cost of Ownership (TCO) by precisely scheduling capital interventions, major overhauls, and asset replacements. This role ensures the city-scale development avoids catastrophic infrastructure failures and remains financially viable across its multi-decade lifecycle.

Key Responsibilities

1. Capital Expenditure (CAPEX) & Refurbishment Forecasting

• Long-Term Capital Planning
  • Develop and continuously update the 10 – 30-year Capital Asset Replacement Plan () covering all districts and asset classes (utilities, transport, public realm, attractions, community assets).
  • Maintain rolling forecasts that reflect evolving asset conditions, technology changes, and growth phases.
• Overhaul & Replacement Scheduling
  • Predict when high-value infrastructure assets—such as district cooling chillers, tunnel structures, wastewater treatment plants, bridges, and public realm monuments—require major rehabilitation versus full replacement.
  • Prioritize interventions based on risk, performance, cost, and criticality.
• Financial Modeling & CAPEX Cash Flow
  • Translate asset degradation rates and lifecycle data into detailed  cash-flow forecasts for corporate finance and investment planning.
  • Model different scenarios (life extension vs. replacement, technology upgrades, changing regulatory requirements) to support strategic decision-making.

2. Sinking Fund & Reserve Optimization

• Reserve Strategy & Alignment
  • Partner directly with the Service Charge Director to determine how much must be collected from commercial tenants, asset operators, and residents to fund long-term sinking funds and reserves for common-area infrastructure.
  • Align reserve strategies with lifecycle models, ensuring that future replacement events are fully funded.
• Deficit Prevention & Inflation Adjustment
  • Ensure reserves collected today are accurately calculated to match inflation-adjusted replacement costs decades into the future.
  • Incorporate assumptions for construction cost escalation, technology shifts, and regulatory compliance requirements into reserve sizing.
• Governance & Transparency
  • Provide transparent methodologies and documented assumptions for sinking fund calculations to support governance, audits, and stakeholder confidence.

3. Total Cost of Ownership (TCO) & Reliability Engineering

• OPEX vs. CAPEX Trade-Off Analysis
  • Analyze live operational and maintenance data to assess whether continued  spending (high-frequency maintenance) is economically justified or whether a replacement is more cost-effective.
  • Recommend asset replacement, refurbishment, or redesign strategies based on lifecycle cost optimization.
• Predictive Lifecycle Modeling
  • Utilize reliability engineering methodologies (asset degradation curves, condition-based models) adapted to local climate and operating environments.
  • Calculate metrics such as , probability of failure, and remaining useful life () for key asset groups.
• Lifecycle Performance Metrics
  • Define and track lifecycle performance indicators (age vs. health, cost vs. reliability, risk vs. criticality) to support risk-informed investment decisions.
  • Work with technical directors and SAP-EAMS teams to ensure data required for lifecycle modeling is captured consistently.

4. Stage-Gate Design Optimization

• Design for Maintainability & Lifecycle Cost
  • Collaborate with the Estate Vesting & Design Director during early design and construction phases to influence material choices, system designs, and asset specifications.
  • Ensure that design decisions account for long-term maintenance burden, replacement costs, and operational risks.
• Lifecycle Material & Design Audits
  • Review and challenge design proposals and contractor value-engineering that reduce initial build cost but significantly increase lifecycle cost or risk.
  • Conduct lifecycle cost audits comparing alternative materials, technologies, and design strategies.
• Stage-Gate Input & Approval Criteria
  • Provide lifecycle performance criteria and replacement cost implications into stage-gate reviews for major projects, expansions, and upgrades.
  • Support governance by ensuring that lifecycle considerations are embedded into all design approval processes.

Qualifications & Experience

Education

• Bachelor’s degree in Mechanical / Civil / Electrical Engineering, Asset Management, Finance or Quantity Surveying.
• A master’s degree is strongly preferred.

Professional Credentials

• Certifications such as  (Certified Asset Management Assessor), IAM Diploma (Institute of Asset Management), or MRICS (Chartered Facilities Management/Quantity Surveying pathway) are highly desirable.
• Additional qualifications in reliability engineering, RCM (Reliability-Centered Maintenance), or implementation are an advantage.

Experience

• 20 years’ experience in lifecycle costing, capital planning, reliability-centered maintenance, or strategic asset management.
• Experience in international mega-projects, large infrastructure portfolios, major airports, utilities, or master-planned smart cities.
• Proven track record in developing long-term  plans, sinking fund methodologies, and TCO optimization strategies.
• Demonstrated ability to work cross-functionally with operations, finance, design, and IT/asset systems teams.

Parsons equally employs representation at all job levels no matter the race, color, religion, sex (including pregnancy), national origin, age, disability or genetic information.

We truly invest and care about our employee’s wellbeing and provide endless growth opportunities as the sky is the limit, so aim for the stars! Imagine next and join the Parsons quest—APPLY TODAY!

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