Life cycle of a project cover feasibility study, FEED, EPC stage (Construction), Commissioning, Operation & Maintenance and decommissioning. A wealth of information are generated at every stages and need to be exchanged between stages seamlessly.
Poor asset information management is a critical problem for stakeholders across the asset lifecycle.
During project activities, it significantly increases capital costs and extends project schedules. The impact is worse for operations and maintenance, as it limits plant availability and raises operating costs throughout a facilities’ extensive lifetime fragmented also the root cause of many environmental and safety issues that damage the reputation and survival of organizations.