Asset lifecycle management components include data-centric systems, information backbones, PPO data management, assorted data-centric applications, intelligent owner/operator-oriented P&ID systems and more. What are the true capabilities and drawbacks of these new creations in the context of the asset lifecycle vision, and what are the real costs and benefits of implementing them? What is the real cost of creating, integrating, deploying and maintaining and renewing a far-reaching integrated system for the life of a plant? And do the benefits justify the cost and the possible disruptions that almost always occur when new untested systems are deployed?

Concepts Included in Project/Asset Lifecycle Management:

• Cross Functional Applications  (Composite xApp) that leverage RFID, intelligent workflow and enterprise class integration (SOA webs services)

By implementing IntelaTrac and its mobile functionality, companies can significantly reduce project inventory losses, improve first year operability and reduce risks associated with commissioning and start-ups of processes. Once the project phase is complete IntelaTrac then is fully readied for traditional delivery of best practices in the operate and maintain phase of the asset life cycle.