The Infrastructure Business is Built on Assets
Fact: Safe operation over decades depends on timely, effective and sufficient maintenance and inspection as well as upgrades and capital improvements
Fact: Data loss occurs with every acquisition / divestiture
Fact: Complex financing mechanisms – investment funds, debt instruments, tax equity credits – require sophisticated tracking against assets
Behavior: Data is taken for granted – we expect it to be there when we need it
Behavior: Finance typically tracks expenditure of capital and depreciation of constructed or acquired assets at a higher level than is effective for operations and maintenance
Opportunity: Electronic asset data captured once (earliest point in life cycle) can be used many times – for next phase capital improvements, for investment performance reporting, for sale, for compliance, for asset optimization
Approach:
- Build a shared asset hierarchy to document and manage relationships among assets, data, and systems
- Embed end-to-end asset data flow in business processes to optimize asset performance
- Validate current assets and associated data
Benefits: Reduce spend; increase productivity; reduce risk; maximize asset value