Plant Information Management

17 October 2011 by Intergraph® Process, Power & Marine

There are three simple reasons for strategically investing in plant information management (PIM):

• Reduce time to market (TTM) - design and construct the plant asset within budget, while avoiding schedule slippage and operating at capacity to meet market window of opportunity
• Maximise time in market (TIM) - mitigate unplanned outages and delayed startups, optimize planning for engineering turnarounds, and prevent safety, hazard, and regulatory risks, which would otherwise halt production
• Optimise operating parameters (OOP) - make the most of that which you have least (time, resources, and schedule) to gain more of the things you want (throughput, safety, and profit)

Each of the above-mentioned objectives will mean something different to you depending on your role, your organisation, and where in the plant life cycle you operate. You will certainly use different information types, sources, and systems. But one thing is certain; all of these differentiators are similarly affected by the highly interrelated and interdependent, volatile, and distributed information that is plant information. How you manage this information in totality or within your domain specifically is the single greatest business differentiator.

Download this free white paper from Intergraph to find out more.