Solutions

Asset Information Management for Capital Projects and Operations

Efficiently control information to speed milestones, reduce shutdowns and increase revenue 

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25%
increase in capital project team collaboration and handover efficiency achieved with OpenText solutions[1]

Overview

Access to accurate procedures and engineering information is critical for technical staff across the entire industrial asset lifecycle. Yet, procedural and engineering information is often stored in multiple, uncontrolled silos, reducing quality and accessibility for project, operations and maintenance teams. This can lead to project delays, costly rework and increased production downtime. 

Asset Information Management for Capital Projects and Operations solutions enable immediate access to critical information, minimizing risk to project schedules and costs, while increasing production revenues. 

Key benefits

Impact business and achieve better results.

  • Keep projects on schedule

    Proactively identify and resolve issues and enable concurrent revision control to allow teams to work in parallel.

  • Increase team productivity

    Enable controlled access and automate exchange, collaboration and review/markup processes to shorten feedback cycles and accelerate task completion.

  • Reduce downtime

    Use a digital twin that has integrated access to approved procedure and engineering information to reduce maintenance and Shutdown, Turnaround and Outage (STO) downtimes.

  • Optimize processes

    Implement common best practices and a standardized approach to projects and operations while giving each team the ability to implement their own unique requirements. 

  • Enhance litigation defenses

    Defend against litigation claims with detailed audit reports that track who did what and when.

Business impacts

  • Project setup

    Project teams need to quickly establish new projects to meet business requirements. Out-dated systems can take weeks to manually set up and configure. Define reusable templates to streamline project setup.

  • Information control

    Owner-operators must ensure governance and accessibility throughout the asset lifecycle. Older engineering systems are not compliance-configurable, causing inefficient information control. Manage document access to optimize projects and operations.

  • Internal and external collaboration

    To complete projects, contractors, suppliers and internal engineering teams must share huge amounts of information. Aging systems cannot handle the complexity, leading to delays and rework. Optimize document management, exchange and collaboration.

  • Digital twins

    Engineers use a “digital twin” to proactively manage and maintain a physical asset. Upon commission, operations must spend years manually gathering the metadata needed to build it. Accelerate creation with a progressive handover. 

  • Document access

    Operations and maintenance teams need engineering and procedural documents to complete jobs right the first time. With documents stored in silos, it can take teams days to find everything they need. Centralize information to streamline operations.

  • Operations management of change (MOC)

    Field staff need current documentation to maintain safety and optimize operations. A lack of MOC results in outdated information and leads to accidents and downtime. Enable in-field change requests for up-to-date documents.

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Leaders trust OpenText

See how customers are succeeding with Asset Information Management for Capital Projects and Operations. 

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Explore the components of the solution

Products

Solve Asset Information Management challenges with OpenText.

Professional Services

OpenText Consulting Services combines end-to-end solution implementation with comprehensive technology services to help improve systems.

Asset Information Management for Capital Projects and Operations resources

Footnotes

  1. [1] Forrester, The Total Economic Impact™ of SAP Solution Extensions for Asset Intensive Industries, May 2020