Asset Lifecycle Conceptual Models

1© ARC Advisory Group

Assets are More than EquipmentAssets are More than Equipment

PrimaryFacilities

EquipmentRemote

Reference DataFunctional

DesignProcedural

ExternalCorporate COE’sEquip Suppliers

Service Providers

SupportIT HW/SW

MobileMRO Material

InternalOperators & Admin

Maint Techs & EngrsPlant & Process Engr

Activity RecordsCommercial

StatusHistory

Each Asset Class is Important and Valuable …Asset Managers Are Responsible for All !


The Asset LifecycleThe Asset Lifecycle

Time

Lif

e C

ycle

s o

f B

row

nfi

eld

Pro

jects

for

the

Asset

Prel

im E

ngr, P

roj

Budge

t & S

ched

ule

Ste

ad

y I

ncr

ease

in F

aci

lity

Use

Opt

imizat

ion

Detailed Engr,

BOMs, Exec Plan

Wear/

ObsolescenceSource/Build

Comm

ission,

Hands-on Training

Retire FromOperation

Sell/

Remove

Pilo

t Op

er,

Pro

d V

alid

atio

n

Identify

Op

portu

nityA

naly

sis

& C

ost

ing

of

Alt

ern

ati

ves


Asset Lifecycle ManagementAsset Lifecycle Management

Project PerformanceManagement(Design & Build)

Asset PerformanceManagement

(Operate & Maintain)

AssetPortfolio

Management

Handover

ModificationRequestsFunded

Projects

New Facility

Requests(Evaluate & Select)


ALIM Spans All ALM ProcessesALIM Spans All ALM Processes

Project PerformanceManagement

Asset PerformanceManagement

AssetPortfolio

Management

AssetLifecycle

InformationManagement


ProjectPerformanceManagement(Design & Build)

AssetPerformanceManagement


Physicaland

Virtual

Asset Lifecycle Performance ManagementManaging Project & Asset Performance

InvestmentPerformance

BenefitsCosts


ProjectPerformanceManagement(Design & Build)

AssetPerformanceManagement


Physicaland

Virtual

EXTERNAL STAKEHOLDERS

Asset Lifecycle Performance Management


Asset Lifecycle Performance ManagementAsset Lifecycle Performance Management

Physicaland

Virtual

EXTERNAL STAKEHOLDERSPH

YSIC

AL

PH

YSIC

AL H

UM

AN

HUM

AN

VIRTUAL

Project Performance Management (PPM)

Asset Performance Management (APM)

AIMPerformance

MaintainPerformance

OperatePerformance

QUALI TY

Engineer Procure

Construct

ProjectI nformation

Mgmt


Project Performance is More than MoneyProject Performance is More than Money

KPIsBudgets

SchedulesCash Flow

KPIsDesigned

Delivered to SiteOperational Readiness

KPIsFunctional Capability

ConstructabilityMaintainability

Each Project Element is Important …Project Managers Are Responsible for All !


Project Performance ManagementProject Performance Management

MO

NEY

MO

NEY T

IME

TIM

E

QUALITY

Fabricators

Equipment & Systems

Suppliers

Shareholders Regulators

Constructors

Project Management

Services

Strategic Suppliers

Asset Management

Engineering

Services

Engineer Procure

Construct

ProjectI nformation

Mgmt


Asset Performance ManagementAsset Performance Management

PH

YSIC

AL

PH

YSIC

AL H

UM

AN

HUM

AN

VIRTUAL

O&M Service Providers

Engineering Services

Shareholders Regulators

Construction Services

Fabricators

Equipment & Systems Suppliers

Project Management

MRO Material Suppliers

AIMPerformance

MaintainPerformance

OperatePerformance

Asset Lifecycle Performance ManagementA Collection of Interdependent Business Performance Strategies

Asset Lifecycle Information Management

Functional• Process

Specs • Process

Models• Process Calcs• Flow Diags• Equip Calcs• Equip Specs• Func Designs

Design• Process

Design • P&ID• Equip Layout,

Design, BOMs

• System Detail Design

• MRO BOMs

Procedures• Project Mgmt• Install/Test • Descriptions

of Operation• Operating • Insp & Maint• Certification

Reqs• Lockout &

Safety Reqs

Commercial• Financial Analysis• CAPEX• Depreciation• OPEX• Purchasing

Records• Warranty &

Repair Records• O&M Service

Agreements

Status• Project & Site • Procurement• Operational

Status• MRO

Inventory• Training

History• Source &

Build History• Operating

History• Maint History• Inspection

Records• Incident

Reports• People

Certifications

Reference Data Activity Records

Time

Lif

e C

ycl

es

of

Bro

wn

field

Pro

ject

s fo

r th

e A

ssetRamp

UpOperRdy

PeakPerf

Mods

Liab

Cash

Idea

DesBasis

ProjPlan

Spec

AssmAsset

FuncAsset

Human

Virtual

PhysicalTime

Quality

Money


Project Performance ManagementPPM Processes and StakeholdersProject Performance ManagementPPM Processes and Stakeholders

MO

NEY

MO

NEY T

IME

TIM

E

QUALITY

Engineer Procure

Construct

ProjectI nformation

Mgmt


Engineer Procure

Construct

ProjectInformation

Mgmt

Asset Lifecycle Conceptual Models

Business

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