Excellence in Asset InformationExcellence in Asset InformationExcellence in Asset Information Management

What Is It? What Is It Worth?

Excellence in Asset Information Management

What Is It? What Is It Worth?

Sid SnitkinVice-President

ARC Ad i GARC Advisory Groupsrsnitkin@arcweb.com

Agenda Agenda

What is Asset Information?

What is “Good” and Excellent Asset Information?

h i f i ( )What is Asset Information Management (AIM) and what is AIM Excellence?

Wh t i AIM E ll W th?What is AIM Excellence Worth?

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What Is Asset Information?What Information Do You Use in your ALM Role? 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

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Any information that can help someone in their ALM tasks is Asset Information !

What Is Asset Information?What Kinds of Information are Included?What Is Asset Information?What Kinds of Information are Included?

Functional• Process

S

Design• Process

D i

Procedures• Project Mgmt

Commercial• Financial Analysis

Status• Project & Site

History• Source &

B ild Hi tSpecs • Process

Models• Process Calcs• Flow Diags• Equip Calcs

Design • P&ID• Equip Layout,

Design, BOMs

• System

• Install/Test • Descriptions

of Operation• Operating • Insp & Maint

C tifi ti

• CAPEX• Depreciation• OPEX• Purchasing

RecordsW t &

• Procurement• Operational

Status• MRO

Inventory• Training

Build History• Operating

History• Maint History• Inspection

Records• Equip Calcs• Equip Specs• Func Designs

• System Detail Design

• MRO BOMs

• Certification Reqs

• Lockout & Safety Reqs

• Warranty & Repair Records

• O&M Service Agreements

• Training Records• Incident

Reports• People

Certifications

4© ARC Advisory Group

Reference Data Activity Records

What Is Asset Information?What Is Its Role in Asset Lifecycle Management? What Is Asset Information?What Is Its Role in Asset Lifecycle Management?

HumanPhysical HumanPhysical

Virtual

Functional• Process

Specs • Process

Models• Process Calcs• Flow Diags• Equip Calcs• Equip Specs• Func Designs

Design• Process

Design • P&ID• Equip Layout,

Design, BOMs

• System Detail Design

• MRO BOMs

Procedures• Project Mgmt• Install/Test • Descriptions

of Operation• Operating • Insp & Maint• Certification

Reqs• Lockout &

Safety Reqs

Commercial• Financial Analysis• CAPEX• Depreciation• OPEX• Purchasing

Records• Warranty &

Repair Records• O&M Service

Agreements

Status• Project & Site • Procurement• Operational

Status• MRO

Inventory• Training

History• Source &

Build History• Operating

History• Maint History• Inspection

Records• Incident

Reports• People

Asset Information is the “Virtual Asset” that Humans need to

Safety Reqs Agreements • People Certifications

Reference Data Activity Records

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Asset Information is the Virtual Asset that Humans need to understand, analyze and improve the Physical Asset !

Where Does it Come From, Where Used?The Asset LifecycleWhere Does it Come From, Where Used?The Asset Lifecycle

Time

Ass

etRamp

UpOperRdy

FuncAsset

ts f

or

the ARdy

PeakPerf

AssmAsset

Asset

eld

Pro

ject

ModsSpec

of

Bro

wn

fieMods

P j

Spec

fe C

ycl

es

o

Liab

CashDes

ProjPlan

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LifCash

IdeaBasis

Who is Responsible for What?Everyone is Responsible for All Asset InformationWho is Responsible for What?Everyone is Responsible for All Asset Information

Time

Ass

etRamp

UpOperRdy

FuncAsset

Info for Plant O&M

Historical Info to Improve Plant

ts f

or

the ARdy

PeakPerf

AssmAsset

Asset Plant

eld

Pro

ject

ModsSpec

of

Bro

wn

fieMods

P j

Spec

fe C

ycl

es

o

Liab

CashDes

ProjPlan

Info to Build Plant

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LifCash

IdeaBasis

Information Must Support ALM ProcessesDOM Stakeholders are AIM Suppliers & CustomersInformation Must Support ALM ProcessesDOM Stakeholders are AIM Suppliers & Customers

RampUp

OperRdy

FuncAssetOperate &Rdy

PeakPerf

AssmAsset

AssetOperate & Optimize

ModsSpec

D i &Mods

P j

Spec

Design &Build

Maintain &Improve

Liab

CashDes

ProjPlan

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Cash

IdeaBasis

Who Has a Stake in These Processes?Don’t Forget Your External DOM Stakeholders Who Has a Stake in These Processes?Don’t Forget Your External DOM Stakeholders

O&M Services

SupplierServices

ITServicesLogistic Services

Const Cont

MROSuppliers

AutomationSuppliers

SoftwareSuppliers

Operate &

Optimize

EH&S Ser ices

Design &

Build

Maintain &

Improve

VirtualVirtualEPCs

Services

Industry & Standards Orgs

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ALM Partners

What Is Excellent Asset Information?Information Value Depends upon the User ...What Is Excellent Asset Information?Information Value Depends upon the User ...

Asset Information is “Good” When it is:C l t All i f ti f t d ALM P• Complete - All information for every asset and every ALM Process

• 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 situationy

Good is in the “Eye of the Beholder”

A t I f ti i “E ll t” l hAsset Information is “Excellent” only when every ALM stakeholder considers it “Good”

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What is Asset Information Management?AIM is the “Other” ALM ProcessWhat is Asset Information Management?AIM is the “Other” ALM Process

O&M Services

SupplierServices

ITServicesLogistic Services

Const Cont

MROSuppliers

AutomationSuppliers

SoftwareSuppliers

Operate &

Optimize

EH&S Ser ices

Design &

Build

Maintain &

Improve

VirtualVirtualEPCs

Services

Industry & Standards Orgs

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ALM PartnersAIM is Another ALM Process

What Is Asset Information Management?AIM Requires a Corporate StrategyWhat Is Asset Information Management?AIM Requires a Corporate Strategy

AIM Standards & Processes

Excellent Asset Information(Complete, Accurate, Consistent, Accessible, Timely)

AIM Solutions

AIM Standards & Processes(Governance, Quality Mgmt, etc.)

Asset Information

AIM Solutions(Create, Use, View, Maintain)

Asset Information

AIM Excellence Achieves Excellent Asset Information!

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Anything, Anybody, Anywhere, Anytime, Anyway !

What’s AIM Excellence Worth?AIM Excellence Can Quickly Pay for Itself!What’s AIM Excellence Worth?AIM Excellence Can Quickly Pay for Itself!

oln

pec

ssm

Ass

et

nc

Ass

et

od

Test

am

p U

p

per

Rd

y

ab shea

Annual Costs/BenefitsBenefit = O&M Savings (2.8% of Asset Value per NIST Study)(30% improvement in maintenance efficiency)

150

Total Cost Net Income Net Cash Flow

So

Sp

As

Fu

Pro

Ra

Op

Peak Perf Mods Lia

Ca

Ide ( p y)

0

50

100

-150

-100

-50

Benefit = Interoperability Savings

-300

-250

-200

0 5 10 15 20 25 30 35 40

Benefit = Interoperability Savings (1.3% of installed cost per NIST study –Primarily accrue to Design/Build team so may be indirect savings for O/O)

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0 5 10 15 20 25 30 35 40

Years Since Start of Project Benefit = Equip Updates (Up to 30% of Engr Costs)

Benefit = MOC Savings (2-3% of CAPEX)

Thank You.Thank You.

14© ARC Advisory Group