Managing Your Information

The value of data across the life of a project

So, what’s the real value in reusing your data over the lifecycle of a project? It’s pretty simple when you lay it out like the following diagram. Data is an asset, assets have a value. You don’t go and buy a new digger every time you want to dig a hole, do you?

Traditionally, project owners have split their projects into phases, sometimes with different people responsible for different phases. In turn, there is often a disparity in how they manage their data and different tools or systems are used to manage that data. By thinking ahead and providing a platform or solution that can address multiple requirements, there is an economy of scale introduced. In turn, your single source of data creates greater value.

The key is making sure the right people get to see the right pieces of information at the right time. Having a configurable solution that can align to your business processes and are refined as those processes change is critical to effectively managing data over the lifecycle of an asset.

If you’re like to learn more about this concept, give Karen a call on 1300 807 770 and see if Mipela can assist you.