It starts like this:
There was a monastery in Greece that was built on top of a very steep precipice. The only access was by a basket on a long rope, pulled by a monk on top. A visitor riding up to the top looked at the aged rope and asked his host how often the rope was replaced. The monk thought a moment and then replied, “I guess whenever it breaks.”
In an article for AV Technology Magazine, Ernie Bailey, Director of AV Services at the University of Arkansas for Medical Sciences, outlines steps you can take to develop a working lifecycle plan for your organization.