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Posted On: 05/12/2008

ARC Advisory Group offers its first asset life cycle management forum

PlantServices.com

ARC Advisory Group will host its first Asset Lifecycle Management (ALM) forum Oct. 13-15 in Houston. This event will bring together stakeholders and suppliers to discuss how better Asset Information Management (AIM) can help them optimize performance in every asset life cycle stage. Companies will learn how AIM impacts asset performance while networking with others to discuss common issues.   
 
ALM is high on the agenda of executives in manufacturing, utilities, and every other enterprise where success depends upon complex equipment. These executives must worry about capital budget overruns and start-up delays that can turn excellent market opportunities into major calamities. They are also concerned with revenue, safety, compliance, quality and operating cost problems that arise when performance in operating plants is not optimized.
 
AIM is the foundation for and key enabler of excellence in every asset life cycle stage. Studies show that asset-intensive organizations suffer staggering losses each year as a result of poor AIM across plant design, build, and handover. AIM issues, likewise, plague groups involved with facility operation and maintenance. Neglect in this area has also been linked to major safety and compliance violations that blemish corporate reputations and jeopardize their survival.
 
“ARC’s research shows that collaboration and teamwork across all asset stakeholders is vital to ensuring good AIM,” states Sid Snitkin, vice president and general manager of ARC’s Enterprise Advisory Services. “Each group needs to appreciate the impact their practices have on asset performance and align their practices and goals to achieve optimal performance.”
 
ARC’s Asset Lifecycle Management Forum provides the following opportunities:

• Learn about the “hidden ways” that AIM impacts asset performance
• Gain the knowledge to identify significant “hidden costs” in your AIM program
• Discover what leading companies are doing to overcome cultural, contractual and infrastructure roadblocks that frustrate collaborative programs
• Understand what technology suppliers are doing to enable you to improve AIMs
• See what industry and standards groups are doing to enable better information interoperability
• Share challenges, ideas and strategies with peers 

For more information, visit www.arcweb.com/res/forumhouston or call (781) 471-1000.