Abstract: A system for physical asset resource planning including a capital asset management (CAM) application server in data communication with a CAM report server and a CAM database server; the CAM application server is configured to: execute a life cycle module for generating an asset life cycle model based on user inputs customizing the model for each instance of its execution and to execute a life cycle calculator for generating an annual cost for an asset based on the life cycle model and on a dataset received from the CAM database server. A CAM report server is configured to: execute a presentation module for displaying results of the life cycle module and the life cycle calculator to a user. A CAM database server stores a plurality of datasets related to the assets and provides data to the CAM application and report servers.