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Excellence in asset information management sid snitkin arc 2008

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Excellence in asset information management sid snitkin arc 2008

  1. 1. Excellence in Asset Information Management What Is It? What Is It Worth? Sid Snitkin Vice-President ARC Advisory G Ad i Group srsnitkin@arcweb.com
  2. 2. Agenda What is Asset Information? What is “Good” and Excellent Asset Information? What i Asset Information Management ( h is f i (AIM) ) and what is AIM Excellence? What i Wh t is AIM Excellence Worth? E ll W th? 2 © ARC Advisory Group
  3. 3. What Is Asset Information?What Information Do You Use in your ALM Role? Asset Information answers • any reasonable question, • about any asset, • for any stakeholder in the Asset Lifecycle Management program, • in a way that suits their needs and helps them execute their ALM tasks Any information that can help someone in their ALM tasks is Asset Information ! 3 © ARC Advisory Group
  4. 4. What Is Asset Information?What Kinds of Information are Included? Functional Design Procedures Commercial Status History • Process • Process • Project Mgmt • Financial Analysis • Project & Site • Source & Specs S Design D i • Install/Test • CAPEX • Procurement Build History B ild Hi t • Process • P&ID • Descriptions • Depreciation • Operational • Operating Models • Equip Layout, of Operation • OPEX Status History • Process Calcs Design, • Operating • Purchasing • MRO • Maint History • Flow Diags BOMs • Insp & Maint Records Inventory • Inspection • Equip Calcs • System • C tifi ti Certification •WWarranty & t • Training Records • Equip Specs Detail Design Reqs Repair Records • Incident • Func Designs • MRO BOMs • Lockout & • O&M Service Reports Safety Reqs Agreements • People Certifications Reference Data Activity Records 4 © ARC Advisory Group
  5. 5. What Is Asset Information?What Is Its Role in Asset Lifecycle Management? Physical Human Functional Design Procedures Commercial Status History • Process • Process • Project Mgmt • Financial Analysis • Project & Site • Source & Specs Design • Install/Test • CAPEX • Procurement Build History • Process • P&ID • Operating Virtual • Descriptions • Depreciation • Operational Models • Equip Layout, of Operation • OPEX Status History • Process Calcs Design, • Operating • Purchasing • MRO • Maint History • Flow Diags BOMs • Insp & Maint Records Inventory • Inspection • Equip Calcs • System • Certification • Warranty & • Training Records • Equip Specs Detail Design Reqs Repair Records • Incident • Func Designs • MRO BOMs • Lockout & • O&M Service Reports Safety Reqs Agreements • People Certifications Reference Data Activity RecordsAsset Information is the “Virtual Asset that Humans need to Virtual Asset” understand, analyze and improve the Physical Asset ! 5 © ARC Advisory Group
  6. 6. Where Does it Come From, Where Used?The Asset Lifecycle Ramp Time Lif Cycles of Brownfie Project for the Asset Up Func Oper A Asset Rdy Assm Peak Asset Perf eld ts Spec Mods Proj P j o Liab Plan Des fe Cash Basis Idea © ARC Advisory Group 6
  7. 7. Who is Responsible for What?Everyone is Responsible for All Asset Information Historical InfoTimeInfo for Ramp Lif Cycles of Brownfie Project for the Asset Up to ImprovePlant O&M Func Oper Plant A Asset Rdy Assm Peak Asset Perf eld ts Spec Mods Proj P j o Liab PlanInfo toBuild Plant Des fe Cash Basis Idea © ARC Advisory Group 7
  8. 8. Information Must Support ALM ProcessesDOM Stakeholders are AIM Suppliers & Customers Ramp Up Func Oper Operate & Asset Rdy Assm Optimize Peak Asset Perf Spec Mods Design & D i Maintain & Build Improve Proj P j Liab Plan Des Cash Basis Idea 8 © ARC Advisory Group
  9. 9. Who Has a Stake in These Processes?Don’t Forget Your External DOM Stakeholders Logistic Services ITServices Supplier O&M Services Services Const MRO Cont Suppliers Operate & Automation Optimize Software Suppliers Suppliers Design Maintain & & Build Improve EH&S Services Ser ices Virtual Industry & Standards Orgs EPCs ALM Partners 9 © ARC Advisory Group
  10. 10. What Is Excellent Asset Information?Information Value Depends upon the User ... Asset Information is “Good” When it is: •C Complete - All information f every asset and every ALM Process l t i f ti for t d P • Accurate - With respect to the existing situation • Consistent - Across all documents and ALM Processes • Accessible - By every authorized stakeholder, using reasonable knowledge, in a form that conveniently meets their needs • Timely - Reflects the current situation y Good is in the “Eye of the Beholder” Asset I f A t Information is “Excellent” only when ti i “E ll t” l h every ALM stakeholder considers it “Good” 10 © ARC Advisory Group
  11. 11. What is Asset Information Management?AIM is the “Other” ALM Process Logistic Services ITServices Supplier O&M Services Services Const MRO Cont Suppliers Operate & Automation Optimize Software Suppliers Suppliers Design Maintain & & Build Improve EH&S Services Ser ices Virtual Industry & Standards Orgs EPCs ALM Partners AIM is Another ALM Process 11 © ARC Advisory Group
  12. 12. What Is Asset Information Management?AIM Requires a Corporate Strategy Excellent Asset Information (Complete, Accurate, Consistent, Accessible, Timely) AIM Standards & Processes (Governance, Quality Mgmt, etc.) AIM Solutions (Create, Use, View, Maintain) Asset InformationAIM Excellence Achieves Excellent Asset Information! Anything, Anybody, Anywhere, Anytime, Anyway ! 12 © ARC Advisory Group
  13. 13. What’s AIM Excellence Worth?AIM Excellence Can Quickly Pay for Itself! Annual Costs/Benefits ssm Asset Func Asset Benefit = O&M Savings Pro Test per Rdy amp Up (2.8% of Asset Value per NIST Study) Cash pec od ( (30% improvement in maintenance efficiency) p y) ea oln ab Ide Lia Op Ra Sp So As Peak Perf Mods Total Cost Net Income Net Cash Flow 150 100 50 0 -50-100-150 Benefit = Interoperability Savings-200 (1.3% of installed cost per NIST study –-250 Primarily accrue to Design/Build team so may be indirect savings for O/O)-300 0 5 10 15 20 25 30 35 40 Benefit = MOC Savings Years Since Start of Project Benefit = Equip Updates (2-3% of CAPEX) (Up to 30% of Engr Costs) 13 © ARC Advisory Group
  14. 14. Thank You. 14 © ARC Advisory Group

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