© 2015, fiatech asset lifecycle information management (and some cool stuff) ralph rio research...

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© 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group [email protected] D&B Project Performance Management O&M Asset Performance Management Asset & Project Portfolio Management

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Page 1: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

© 2015, Fiatech

Asset Lifecycle Information Management

(and some cool stuff)

Ralph Rio

Research DirectorARC Advisory Group

[email protected]

D&BProject

PerformanceManagement

O&MAsset

PerformanceManagement

Asset & Project

PortfolioManagement

Page 2: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

Page 3: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

Plan Design

Procure Build Oper

ateMaintain

Retire &

Recycle

Plan Design

Procure Build Opera

teMaintain

Retire &

Recycle

D & B O & M

Obsolete

Portfolio Portfolio

ALM Domains and ProcessesALM Domains and Processes

BusinessProcess

Mgt.

Design & Build Operate & Maintain

Portfolio Mgt.

Page 4: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

ALM Strategy:Model for Major ALM ProcessesALM Strategy:Model for Major ALM Processes

Metrics

Project Budget

Schedule

Quality

Uptime

Asset Longevity

Expense Budget

Safety

P&L/ROA/ROIEH&S

Page 5: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

Model for Major ALM ProcessesModel for Major ALM Processes

Applications

Engr. Design Authoring

Procurement

Construction

ProjectManagement

Doc. Mgt.

Long Range Planning, Simulation, Financial

EAM/FSMWork Order, Labor, Information Mgt., Inventory, Mobility,Contracts, Analytics

PAM, EH&S,

Reliability

Asset Integrity Mgt.

Page 6: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

Model for Major ALM ProcessesModel for Major ALM Processes

Business Process Management

Page 7: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

ALIM SurveyProfile of RespondentsALIM SurveyProfile of Respondents

During Q1 2014 obtained 85 valid responses

Incentive to respond was a report with the results

Created and executed by ARC Advisory Group

Survey promotion by ARC and Reliabilityweb.com

Responses:• 63% operations• Plants worldwide

3%

7%

7%

21%

5%

21%

37%

0% 10% 20% 30% 40%

Envr., Health & Safety

Corp. Exec.

EPC Engr. or Proj. Mgt.

IT (Corp., Engr., Mfg.)

Tech., Planner, Dispatch

Controls, Mfg., or Maint. Engr.

Plant Mgr. or Maint. Mgr.

Job

Job Function

63% Operations

15.2%

16.7%

18.1%

18.8%

31.2%

0% 10% 20% 30% 40%

Latin America & Mexico

Middle East & Africa

Asia-Pacific

Europe & Russia

US & Canada

Geography

Page 8: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

3.55

5.43

5.87

5.95

6.25

6.44

6.94

7.51

7.57

0 2 4 6 8

Data security Concerns

Proj. Plan & Execute

EHS Mgt.

Compliance Improve

Quality / Yield Improve

Cost Control

Visibility to Manage

Increase Asset

Longevity

Uptime Improvements

Drivers for ALIM

RankingScale 1-10

Drivers for ALIMDrivers for ALIM

Question: Please rate the drivers for utilizing an ALIM system.

Comments:

Responses consistent other ARC surveys

Key drivers impact financial reports

• Uptime affects the P&L statement with higher revenue and lower losses

• Asset Longevity affects the Balance Sheet by conserving cash and improving financial metrics

Page 9: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

2.13

3.40

3.44

3.75

4.03

4.30

4.72

4.76

4.89

0 1 2 3 4 5 6

Geospatial

HSE Docs.

Compliance Docs.

P&ID Docs.

Equip. Config. & Settings

Inspection Docs.

Maintenance Docs.

Vendor Docs.

Design Parameters

Quality issues for ALIM

RankingScale 1-10

Quality by Information TypeQuality by Information Type

Question: Does your asset information have data quality issues?

Observation:

Pervasive data quality issues pervade the key document types

Comments:

The general population probably has worse information quality

Page 10: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

2.63

4.70

4.82

4.79

4.95

5.51

6.10

6.51

1.31

0 1 2 3 4 5 6 7

Security (users &

authorization)

Sharing for collaboration

Accuracy (wrong)

Mobility (can't access)

Timeliness (too slow)

Consistency (duplicate &

different)

Ease-of-use (can't find)

Completeness (missing info)

Other

Quality Problems in Asset InformationData Quality ProblemsData Quality Problems

Question: Which quality problems apply to your asset information?

Observations:

Either:

• Too little (missing)

• Too much (duplicate)

• Can’t find

Comment:

Causes (per other responses):

• Multiple siloed systems

• Poor handover

• Lack of Management of Change

Page 11: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

39%

45%

45%

64%

13%

16%

12%

10%

0%

23%

21%

12%

15%

4%

78%

77%

68%

84%

17%

0% 20% 40% 60% 80% 100%

IT for Capturing,Sharing & Governance

Well-definedBusiness Process

Ad-hoc Sharingamong Individuals

Doc. transferred inBulk at project end

Other

Handover of Asset Info.

Have20143 yearsTotal

Handover Business ProcessHandover Business Process

Question: Which best describes the business process for handover of asset information?

Observations:

Bulk documentation transfer and ad-hoc sharing during handover contribute to the data quality and usability problems

Dark blue = have nowMedium blue = in the 2014 budgetLight blue = may do in the next 3 years% at the end of the bar = sum

Page 12: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

19%

28%

31%

34%

33%

38%

41%

43%

57%

8%

13%

16%

19%

10%

18%

13%

16%

20%

9%

4%

36%

36%

21%

36%

34%

29%

29%

23%

22%

4%

69%

80%

71%

81%

86%

80%

86%

85%

88%

16%

0% 20% 40% 60% 80% 100%

Integrate with ImprovedInteroperability

Analytics forAd Hoc Analysis

Assign ALIM to aSpecific Dept. & People

Governance forBusiness Processes

Visibility to ImproveDecision Making

Adopt IndustryStandards

Std. Business Processesacross Functions

Std. Asset Definitionsacross Functions

Management of Change

Other

ALIM Practices Improve

Have20143 yearsTotal

ALIM ImprovementALIM Improvement

Question: How could your ALIM practices be improved?

Observations:

Management of change improves data quality

Stage Gate Process

Dark blue = have nowMedium blue = in the 2014 budgetLight blue = may do in the next 3 years% at the end of the bar = sum

Page 13: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

Stage Gate ProcessStage Gate Process

Business Process Management

Ris

k

T ime

Bu

sin

ess

Case

Desig

n

Purc

hase

Constr

ucti

on

Laun

ch

Com

mis

sio

n

Page 14: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

Asset Lifecycle Information ManagementInformation Driven Asset ManagementAsset Lifecycle Information ManagementInformation Driven Asset Management

D&BProject

PerformanceManagement

O&MAsset

PerformanceManagement

Asset & Project

PortfolioManagement

ContinuousMonitoring &

Execution

PortfolioEvaluation

Project BasedStart/End

PreservedInformatio

n

SharedInformatio

n

Page 15: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

This presentation is copyrighted by ARC Advisory Group (ARC). The information is proprietary to ARC and it may not be reproduced without prior permission from ARC.

Something Different

PdM, IIoT, Analytics, and Augmented Reality

Something Different

PdM, IIoT, Analytics, and Augmented Reality

Page 16: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

Random Failures: Average = 82%

Age Related Failures: Ave. = 18%

SUBMEPP2001

2%

10%

17%

9%

56%

6%

Average

3%

8%

7%

8%

32%

42%

Random Failures

Age Related Failures

Proactive Maintenance with IIoT and AnalyticsProactive Maintenance with IIoT and Analytics

Approach Method Comparison

Reactive Run to failure and then repair

100X plus when failure occurs

Preventive Service in a fixed time or cycle interval

2X

Predictive: condition monitoring & single variable

Monitor process data, identify bad trends, & alert prior to failure

1X

Proactive: Analytics & multiple variables

Equipment-specific data acquisition with algorithms, analytics, and/or a model

Unscheduled downtime approaches zero

82% of Failures are Random

Page 17: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

Small Data within Big DataSmall Data within Big Data

Big Data• Volume of data set size• Variety of sources & formats• Velocity speed of generation• Variability or inconsistency

Small Data• Small data set• Specific & focused• Slow• Structured

Analytics & KPIs

Off-line AnalysisCondition Monitoring

Predictive Maintenance

Yield & Quality

Closed Loop PLM

Page 18: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

Mobile

Business Process AutomationBusiness Process Automation

Process

Control System

PdM using Historian, PAM, or

AnalyticsEAM

System

Planner

Alerts or Flags

Process Data

Work Orders

Execute Work Order

Workflow

IIoT

Page 19: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

Equipment ComplexityEquipment Complexity

Guide through Augmented Reality

Execute Work Order

Microsoft HoloLens

Vuzix Smart Glasses

Process

Control System

Page 20: © 2015, Fiatech Asset Lifecycle Information Management (and some cool stuff) Ralph Rio Research Director ARC Advisory Group rrio@arcweb.com D&B Project

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© ARC Advisory GroupThis presentation may not be reproduced without prior permission from ARC.

Asset Management:Final ThoughtsAsset Management:Final Thoughts

ALM Model• Communications tool• Optimize business processes

ALIM• Stage Gate Process for Handover• Governance for Change

Require IIoT & Condition Monitoring when sourcing Equipment

D&B O&M

Portfolio

Ralph Rio

Research DirectorARC Advisory [email protected]