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Excellence in asset information management sid snitkin arc 2008
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 âGoodâ 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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Š ARC Advisory Group
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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Š ARC Advisory Group
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 â˘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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Š ARC Advisory Group
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 âVirtual Asset that Humans need to
Virtual Assetâ
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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Š ARC Advisory Group
9. Who Has a Stake in These Processes?
Donât 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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Š ARC Advisory Group
10. What Is Excellent Asset Information?
Information Value Depends upon the User ...
Asset Information is âGoodâ When it is:
â˘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 âEye of the Beholderâ
Asset I f
A t Information is âExcellentâ only when
ti i âE ll tâ l h
every ALM stakeholder considers it âGoodâ
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Š ARC Advisory Group
11. What is Asset Information Management?
AIM is the âOtherâ 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. Whatâs 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 â
-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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Š ARC Advisory Group