New Facility Requests
Simulation Process Models Financial
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ALM Strategy: Model for Major ALM Processes
Capital Budget Schedule Quality
New Facility Requests
Demand/Cost Forecasts, Asset Status/History, Project Histories, Current Asset Configuration, Conceptual Designs, Permits, etc.
But a lot of ALM Information is Shared!
Need for Asset Management
Global, More Competitive Markets Constant Pricing Pressure
Need to Reduce all Operating Costs
The Old “Squeeze Play”
Need to spend more on things that don’t improve financial performance
Doing More with Less is the Challenge for All Companies!
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Why Do We Need a New Model for ALM?
Traditional Models Look Good
EPC
O/O
Operate/Maintain
Work Order, Labor, Information Mgt., Inventory, Mobility, Contracts, Analytics
PAM, RCM EH&S
Funded Projects
Modification Requests
Asset & Project Portfolio Management (APPM)
Software Suppliers
EH&S Services
Virtual
EPCs
Industry & Standards Orgs
AIM is Another ALM Process
ALM Partners
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Information is Fundamental to ALM
To Address These Issues We Need to Go Back to the Fundamentals!
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External Stakeholders Play Key Roles
Different Players , But the Same Processes
Revenues
OPEX

Capital Costs (CAPEX) ROA
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Net Income
Why Do We Need a New Model for ALM?
Traditional Model Has Fundamental Flaws
Operate/Maintain
1. Only addresses the Physical Assets, but Operating 2. 3. 4. 5.
Plants are more than pipes and vessels. Too much focus on the Project, too little on the Plant, none on subsequent Upgrades Doesn’t consider Interdependencies among the major activities, which encourages Silo Behavior Limited View of Performance Understates Need to Coordinate Many Stakeholders
Project Information Management
Handover
Asset Information Management
(PIM)
(AIM)
Funded Projects
Asset Portfolio Information Management (APIM)
Modification Requests
Project Performance Management (PPM)
Handover
Uptime Asset Longevity
Asset Performance Management (APM)
Expense Budget Safety
Funded Projects
Modification Requests
Logistic Services Supplier Services ITServices O&M Services
Const Cont
MRO Suppliers
Automation Suppliers
Operate & Optimize
Design Maintain & & Build Improve
Asset & Project Portfolio Management (APPM)
New Facility Requests
ROI EH&S
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What is Asset Information Management?
AIM is the “Other” ALM Process
Modifiபைடு நூலகம்ation Requests
Asset & Project Portfolio Management (APPM)
New Facility Requests
Portfolio Mgt.
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ALM Strategy: Model for Major ALM Processes
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Asset Lifecycle Information Management
ALIM Addresses Unique and Shared Needs
Project Information Management (PIM)
Asset Lifecycle Information Management (ALIM)
Asset Information Management (AIM)
Asset Portfolio Information Management (APIM)
ALIM Includes Individual ALM IT Strategies and an Overall Strategy for Managing Asset Information Sharing!
Schedules Budgets Contracts Analyses POs Status Reports Designs Permits etc.
ALM Activities Have Different Information Needs
Procedures Practices Recipes Materials Contracts Warranties History Permits Designs etc.
Expanding Regulatory Requirements Increased Concern with Security
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Today’s Business Drivers Demand Better Asset Management
Reductions in Asset Investments Reflect A More Challenging Future
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Thank You.
For more information or any questions, please write to RSun@ or visit our web pages at
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O&M
Operate Maintain
Retire & Recycle
Design & Build
Operate & Maintain
Project Performance Management (PPM)
Handover
Asset Performance Management (APM)
Funded Projects
Engr. Design Authoring Procurement Construction Project Management Doc. Mgt.
Project Performance Management (PPM)
Handover
EAM
Asset Performance Management (APM)
Logistic Services Supplier Services ITServices O&M Services
Const Cont