Major capital projects, like factories, oil rigs, dams, and energy plants, are complex endeavors that typically span years, even decades. Because these assets require enormous investment over long periods of time, companies in industries such as oil & gas or utilities need tools to help them accurately plan and manage capital projects.
Digital technology has revolutionized the construction, maintenance, and ultimately the decommissioning of a major asset. Digital tools enable hundreds of people to collaborate fluidly, while working thousands of miles apart. Today, ECM and other systems are used to manage millions of documents related to any major asset, from architectural renderings and 3D computer-generated models to budget spreadsheets and maintenance manuals.
EMC’s Sean Baird points out how digital asset management allows those responsible for a capital project to “more effectively use asset information, data, and analytics to predict asset performance, identify changing conditions, and evaluate investment options.”
It does make you wonder how these projects – and all the information associated with them – were managed in the days before computers sat on every desk.
Of course, modern facilities are so much more complex than in the past, and many of today’s capital projects are only possible because of software from companies EMC and its partner AVEVA.
Rebecca Ward, Vice President, Strategic Partners at AVEVA (LSE: AVV), was kind enough to give us a few minutes recently to help us understand how Connected Decision Making—a bi-directional integration of the AVEVA NET information management solution with EMC Energy & Engineering solutions—assists project teams in the day-to-day management of major capital projects. The EMC and AVEVA integrated solution provides cross-organizational teams with secure access to engineering data, architectural drawings, and other (more…)