Enterprise Asset Information Management
The life cycle of a project covers feasibility study, FEED, EPC stage (Construction), Commissioning, Operation & Maintenance and Decommisioning. In every stage, a wide range of information is generated, which needs to be seamlessly exchanged between stages. Poor asset information management is a critical problem for stakeholders across the asset life cycle.
During project activities, capital costs and instances of project schedule extension significantly increase, affecting operations and maintenance, as these limit plant availability, raise operating costs throughout a facilities’ extensive lifetime and can cause environmental and safety issues that damage the reputation and survival of organisations.