Asset Lifecycle Conceptual Models
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The document discusses asset and project lifecycle management. It describes how assets go through various stages including preliminary engineering, detailed engineering, construction, commissioning, operations, and retirement. It also discusses how project performance management involves designing, delivering, and ensuring operational readiness of projects on time and on budget. Finally, it notes that asset, project, and overall portfolio performance management are important and interrelated.
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Asset Lifecycle Conceptual Models
- 1. Assets are More than Equipment Primary Facilities Equipment Remote Reference Data Functional Design Procedural External Corporate COE’s Equip Suppliers Service Providers Support IT HW/SW Mobile MRO Material Internal Operators & Admin Maint Techs & Engrs Plant & Process Engr Activity Records Commercial Status History Each Asset Class is Important and Valuable … Asset Managers Are Responsible for All !
- 2. The Asset Lifecycle Time Life Cycles of Brownfield Projects for the Asset Prelim Engr, Proj Budget & Schedule Steady Increase in Facility Use Optimization Detailed Engr, BOMs, Exec Plan Wear/ Obsolescence Source/ Build Commission, Hands-on Training Retire From Operation Sell/ Remove Pilot Oper, Prod Validation Identify Opportunity Analysis & Costing of Alternatives
- 3. Asset Lifecycle Management Project Performance Management (Design & Build) Asset Performance Management (Operate & Maintain) Asset Portfolio Management Handover Modification Requests Funded Projects New Facility Requests (Evaluate & Select)
- 4. ALIM Spans All ALM Processes Project Performance Management Asset Performance Management Asset Portfolio Management Asset Lifecycle Information Management
- 5. Project Performance Management (Design & Build) Asset Performance Management (Operate & Maintain) Physical and Virtual Asset Lifecycle Performance Management Managing Project & Asset Performance Investment Performance Benefits Costs
- 6. Project Performance Management (Design & Build) Asset Performance Management (Operate & Maintain) Physical and Virtual EXTERNAL STAKEHOLDERS Asset Lifecycle Performance Management
- 7. Asset Lifecycle Performance Management Physical and Virtual EXTERNAL STAKEHOLDERS PHYSICAL HUMAN VIRTUAL Project Performance Management (PPM) Asset Performance Management (APM) AIM Performance Maintain Performance Operate Performance
- 8. Project Performance is More than Money KPIs Budgets Schedules Cash Flow KPIs Designed Delivered to Site Operational Readiness KPIs Functional Capability Constructability Maintainability Each Project Element is Important … Project Managers Are Responsible for All !
- 9. Project Performance Management MONEY TIME QUALITY Fabricators Equipment & Systems Suppliers Shareholders Regulators Constructors Project Management Services Strategic Suppliers Asset Management Engineering Services
- 10. Asset Performance Management PHYSICAL HUMAN VIRTUAL AIM Performance Maintain Performance Operate Performance O&M Service Providers Engineering Services Shareholders Regulators Construction Services Fabricators Equipment & Systems Suppliers Project Management MRO Material Suppliers
- 11. Asset Lifecycle Performance Management A Collection of Interdependent Business Performance Strategies Asset Lifecycle Information Management
- 12. Project Performance Management PPM Processes and Stakeholders MONEY TIME QUALITY
- 13. Engineer Procure Construct Project Information Mgmt