Grade ToCollege Graduate Student
SynopsisAsset data integrity is a critical aspect of every business, yet it is often over looked. This book will not only provide an appreciation of this fact, it will also provide a road map to achieving value out of something most CEOs, managers, and workers often overlook. The authors bring many years of experience and viewpoints that cannot be obtained elsewhere. An assessment tool is provided so once the problem is recognized by the reader, areas of improvement can be easily recognized. A detailed appendix provides further clarity., If your asset data is not reliable, you need to convince the organization of the enormous potential that is locked away. To accomplish this, you need to understand the breadth of the problem and the value of solving it. A viable business case for action is needed-so let's get started! Physical asset data integrity is a critical aspect of every business, often the most valuable asset on the balance sheet, yet it is often overlooked. The data that we have about our assets collectively creates information, provides for accurate analysis and facilitates sound business decisions. Without accuracy of asset data there is a strong potential for poor decisions and their negative consequences. This book will not only provide an appreciation of this fact, it will also provide a road map to achieving value out of something most CEOs, managers, and workers often overlook., If your asset data is not reliable, you need to convince the organization of the enormous potential that is locked away. To accomplish this, you need to understand the breadth of the problem and the value of solving it. A viable business case for action is needed-so let's get started Physical asset data integrity is a critical aspect of every business, often the most valuable asset on the balance sheet, yet it is often overlooked. The data that we have about our assets collectively creates information, provides for accurate analysis and facilitates sound business decisions. Without accuracy of asset data there is a strong potential for poor decisions and their negative consequences. This book will not only provide an appreciation of this fact, it will also provide a road map to achieving value out of something most CEOs, managers, and workers often overlook. The Business Case for Data Integrity Introduction to the Business Case Information Overload Searching for Data Retiring Baby Boomers The Brain Drain A Business Case Example Consistency or Lack Thereof The Data Integrity Corporate Entitlement Impact on Shareholder Value PART 1: UNDERSTANDING THE IMPORTANCE OF ASSET DATA INTEGRITY Plant Asset Information - A Keystone for Success Overview Who Are The Stakeholders? Why We Wrote This Book Who Will Benefit? What You Will Learn Chapter Synopsis Let's Get Started What is Data Integrity? Defining the Terms Data Elements Taxonomy and Why Is It Important? What We Are Looking for in Good Data The Downside of Poor Data Integrity A Word About Information Technology Understanding Data Is Just the Beginning The Asset / Data Integrity Life Cycle About Life Cycles The Asset Life Cycle The Asset Data Life Cycle Why the Data Life Cycle is Important Roles and Responsibilities Within the Asset Life Cycle It Is Never To Soon To Start Life Cycle Links Life Cycles as a Foundation Data Integrity at the Task Level Task vs. Strategic The Data Integrity Transform Data Integrity Tasks Reactive Data Integrity Proactive Data Integrity From Reactive to Proactive Internal Outcomes and Impacts Indirect Impacts Decisions Are Just the Beginning Indirect Inputs Indirect Outputs The Legal Umbrella Indirect Aspects of the Transform External Outcomes and Impacts External Issues Outcomes and Impacts - Partners Outcomes and Impacts - Suppliers Outcomes and Impacts -Customers Outcomes and Impacts -Agencies Outcomes and Impacts - Public Outcomes and Impacts - Insurance Carriers The External Impacts Are Important Information Technology (IT) Problems and Solutions The Implication for IT Implications to IT of a Modern Asset Data Management Practice The Advent of ERP Systems Master Data Management The Future PART 2: BUILDING A SOUND DATA INTEGRITY PROCESS Building an Enterprise-Level Data Integrity Model Historical View What Is an Asset? Asset Classification Static Data vs. Dynamic Data The Differences Among Assets, Functional Locations and Functional Location Hierarchies Other Asset-Related Master Data Asset Master Data Structure and Formatting Ideal Asset Data Repositories Enterprise-Level vs. Plant-Level Asset Data Integrity Buildi