An EPC Perspective

Maintaining and sharing complete, detailed data about infrastructure projects is a huge challenge today.

To manage large capital projects effectively, EPCs need to manage the flow of large volumes of complex data between different systems and organizations, including suppliers, contractors, and customers. And this is no small task. As the “hub in the wheel” of any infrastructure project, EPCs collect data from suppliers regarding materials, components, and machinery – and each supplier uses different systems and standards for representing, classifying, transferring, and querying data. EPCs also have to share this data with employees, customers, and contractors using different applications and data standards.

To preserve data integrity as it moves from system to system, how it is interpreted must be consistent.  But today, it’s not because systems aren’t “speaking the same language” from a data interchange perspective. The lack of data interoperability means information must be translated and entered manually into systems, which is a labor intensive, error prone, and expensive process.

Visit the video vault to watch Geir Ramleth, Senior Vice President and Chief Information Officer of Bechtel Group, Inc., discuss the challenges and solutions from an EPC point of view.

A universal data standard can vastly simplify and accelerate data sharing.

iRING solves the data interchange problem with a universal data standard,called ISO 15926, and industry-specific reference data that’s being adopted by EPCs, equipment suppliers, software vendors, and owner/operators.  iRING  is providing a “universal language” so that equipment suppliers, software vendors, and operators collaborating on large capital projects can automatically exchange information between heterogeneous applications without the need for costly, error-prone data interpretation and translation. Data can be exchanged accurately and effortlessly throughout the entire asset lifecycle – from design, construction, handover, and commissioning to operations, maintenance, and eventual decommissioning – all while retaining its original meaning of the data.

How will you benefit?

The potential benefits are huge – especially for EPCs. You’ll benefit from highly efficient project lifecycle management and seamless data interoperability – the keys to compressing design and build cycle times, reducing costs in both off-site and on-site functions, and increasing workforce productivity.  In addition, you’ll benefit from:

  • Easier and less costly processes for migrating data from one system to another and transferring ownership of information between organizations
  • Freedom from pressure to adopt a single vendor’s system just to interoperate
  • Easy exchange of electronic information with designers, contractors, suppliers, fabricators, and plant operators, regardless of their computing platforms
  • Standardized data for all capital projects, which drastically reduces the costs of searching for data and eliminates the need to recreate data that already exists
  • 100% certainty that the exact parameters of any project because machinery, component, and design information are received in agreed-upon, approved, unambiguous formats
  • The ability to automate data interoperability between systems, as well as other types of workflows, which will reduce the time and cost of planning and design
  • The ability to provide construction teams with instant access to accurate, timely information so they can execute on plans swiftly and correctly – and solve problems before they impact projects
  • The ability to offer a better handover experience for owners and operators by  providing detailed asset information in a standard format that they can import into their databases and applications to accelerate time to production
  • Flexibility to consolidate the number of CAD/engineering systems you use, which will reduce associated IT infrastructure complexity and lower project costs

Standardized data is also the foundation for realizing the elements of the Capital Projects Technology Roadmap vision, such as automated design, the intelligent job site, and automated procurement.