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. 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?
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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 !
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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
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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 Records
Asset Information is the “Virtual Asset that Humans need to
Virtual Asset”
understand, analyze and improve the Physical Asset !
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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
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7. Who is Responsible for What?
Everyone is Responsible for All Asset Information
Historical InfoTime
Info for Ramp
Lif Cycles of Brownfie Project for the Asset
Up to Improve
Plant O&M Func Oper
Plant
A
Asset Rdy
Assm Peak
Asset Perf
eld ts
Spec Mods
Proj
P j
o
Liab
Plan
Info to
Build Plant Des
fe
Cash
Basis
Idea
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8. Information Must Support ALM Processes
DOM 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
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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
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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”
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© ARC Advisory Group

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
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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 Information
AIM Excellence Achieves Excellent Asset Information!
Anything, Anybody, Anywhere, Anytime, Anyway !
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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)
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14. Thank You.
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