Aligning the physical and functional status of buildings and other physical objects with a corresponding digital model makes it possible to monitor and optimally manage capital reinvestment throughout their life-cycle.
Tools and support services are readily available to develop and maintain “digital twins” of physical assets. Use of these tools enable optimal decision-making through the real-time availability of current, actionable information.
Requisite Components of a Physical Asset Life-cycle Management Solution
- LEAN Collaborative Planning, Procurement, and Project Delivery Methodology with a focus upon BEST VALUE OUTCOMES
- Common Data Environment (CDE) using common standards terms, definitions, and robust data architectures. Example: Locally researched detailed line item unit price book, organized using CSI Masterformat
- Integrated Multi-party Contracts and Operating Manuals/Operations Guides
- Enabling Technology that embeds LEAN processes and centrally manages Programs, Projects, Estimates, Work Orders, People, Work Orders, and Documents
- Quantitative and Qualitative Metrics, including key performance indicators (KPIs)
- Competent Owners that demonstrate LEADERSHIP
Learn more… Simple Guide to LEAN Planning, Procurement, and Project Delivery