04/03/2006

Extending Project and Portfolio Management into Infrastructure Life-Cycle Management

This process is imperative for scheduling work, tracking progress, allocating resources, and overseeing project initiatives

 

Project Wars?
According to Framingham, MA-based IDC, in its recently published Meridian Systems Blazes the Trail for PPM in the Asset Life-Cycle with Proliance 3.0 (IDC #34854, February 2006), building owners and facilities managers can reap a series of benefits from having a single enterprise application automate their PPM needs throughout the plan-build-operate sequence associated with most assets and facilities. Those benefits run from lower software license fee and simpler compliance to reduced costs of asset refurbishment and reuse of product documentation. The Infrastructure Life-Cycle Management (ILM) concept starts by addressing the classic architectural, engineering, and construction management needed to produce an infrastructure asset (i.e. a building, a road, a plant, etc.), but then transfers that asset into the “operate” phase with a set of features/functions needed for the maintenance aspect of the life-cycle.

 

Ever feel as if your specialized software systems for project management and facilities management are just too specialized - disparate systems with silos of information trapped within each system? “That information that doesn't get shared across software products adds up to more than $15 billion in inefficiencies, of which the majority (or two-thirds of that cost) is borne by the building owner,” says Sue Watkins, director of marketing at Meridian Systems (www.meridiansystems.com), based in Folsom, CA. Extending Project and Portfolio Management (PPM) into Infrastructure Life-Cycle Management (ILM) is not only possible today, it’s imperative - particularly as building owners realize how adaptable such systems are in being able to scope, plan, and schedule work; track progress; allocate resources; oversee project initiatives; and integrate with other enterprise-wide applications like financials and human resources before, during, and after a facility has been built.

For facilities professionals who apply a plan-build-operate life-cycle philosophy toward their new construction and maintenance responsibilities, Watkins cites the following advantages:

Gain insight and grow smarter over time. Lessons learned from both development and maintenance projects allow owners to evaluate and build a framework to apply consistent business practices over their entire portfolio.

Save money and time on training and education. Consistent business processes, as well as a familiar, single interface (software system and program), help individuals work more effectively.

Gain the ability to strategically manage real estate and facility assets and align them with corporate objectives. By having visibility across an organization’s capital project portfolio, building professionals can achieve competitive advantage in getting new facilities online sooner.

Reduce costs associated with hardware, software, and licensing fees. One automation application throughout the plan-build-operate process saves money on software licenses and maintenance fees. By single-sourcing their solution for development and maintenance project and portfolio management, facilities professionals can save on both the initial outlay costs for hardware, network, storage, and peripherals, as well as the dollars associated with operations and upgrades.

Simplify compliance information. Auditors and compliance officers like one application that can generate the required compliance information across all phases of an organization’s product and/or services innovation for both development and operations.

When asked if there is a recommended portfolio size in which an enterprise mentality is most beneficial, Watkins replies that organizations that have a vested interest in owning and managing real estate assets over their life-cycle generally see the most compelling need for an enterprise type of system. She indicates that companies with real estate and building portfolios starting at $100 million and larger in project volume meet the demographic for such a need.

Although business drivers such as business visibility (i.e. How can I strategically manage my entire real estate portfolio when that information is stored within different departments or different systems?) and improving the collaboration and efficiency of project teams point to the viability of extending PPM into infrastructure life-cycle management, Watkins offers the following caveat: “People need to be realistic, because this is a paradigm shift. They can’t just assume that technology is going to make it all happen. It really takes this being a strategic initiative from the executive suite to be successful.”

Linda K. Monroe (linda.monroe@buildings.com) is editorial director at Buildings magazine.

 

 


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Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

Replace core drilling with Connectrac In-Carpet and On-Floor Wireways, the proven connectivity solution in open interior spaces of all kinds. These elegant low-profile wireways are great for AV / telecom connectivity wherever it’s needed.

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.


Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

 

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com

 


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

Replace core drilling with Connectrac In-Carpet and On-Floor Wireways, the proven connectivity solution in open interior spaces of all kinds. These elegant low-profile wireways are great for AV / telecom connectivity wherever it’s needed.

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.


 
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