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Life Cycle Stages of an assets information DNA as information progresses through a project process

from LETI
from LETI

Information is an asset to be valued, treasured, and managed. The value is in capturing that information as it is created throughout the delivery and operation of an asset. An assets and assets information life cycle includes the high-level pillars of:

- Design and build

- Operate and manage

- Plan and manage new or refurbished projects

Throughout the life cycle of an asset, information flow depends on the activities and processes that are involved in each stage which will involve the planning, creation, and operational management of that asset.

The value is in capturing information as it is created

Each activity is supported by processes carried out that collect, create and maintain information. Those processes are made up of individual tasks that required information to be acquired or information to be delivered of other processes and tasks to be carried out. Hence there are many exchange transactions between parties involved in an asset life cycle.

It should be noted that for each stage, different activities which require different types and movements of information. The typical life cycles could be:

- Planning stage

- Design stage

- Construction/modify

- Test validate & Handover to operation

- Operation and manage

DNA information through each stage

Summary of DNA information for each stage:

  • Stage 0-1 (strategy):

o Develop business requirements

  • Stage 2-4 (explore/develop):

o Develop functional requirements and performance specifications

o Master planning requirements