Perspectives: Automation Strategies
Physical assets used in the process industries can range in scope and size from a single instrument or controller to a full-plant or multi-plant complex. These assets represent a significant investment and it is generally accepted that their respective lifecycles must be managed to achieve optimal return. As discussed in detail in previous ARC reports, overall asset lifecycle management (ALM) involves a set of interconnected, iterative processes: • In the design and build phase of a project, programs are managed for project performance (PPM). • During the much longer operate and maintain (O&M) phase, the process focuses on asset performance management (APM). • Asset and project portfolio management (APPM) aligns the overall portfolio of investments in assets with the company’s strategic objectives.Read More
More from this perspective...
- Apr 7, 2015ARC believes they will improve simplicity, flexibility and efficiency.
- Mar 4, 2015The largest benefit to end users is the de-coupling of automation software from hardware.
- Jan 27, 2015Fast, accurate and reliable analysis of raw materials, work in process and finished product quality is critical.
- Jul 9, 2014Goal is to automate and reduce maintenance costs while sustaining benefits
- Jun 3, 2014Standards, IT technology, cloud-based solutions and advanced analytics work in concert to improve operations.
- Apr 24, 2014What you want to accomplish determines which approach is better to use.
- Mar 17, 2014Industry has an opportunity to lead the revolution.