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Asset lifecycle data governance framework

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dc.contributor.authorHaider, A.
dc.contributor.conference7th World Congress on Engineering Asset Management (8 Oct 2012 - 9 Oct 2012 : Daejeon City, Korea)
dc.contributor.editorLee, W.
dc.date.issued2015
dc.description.abstractEngineering asset lifecycle management is information intensive. The variety of asset lifecycle processes generate, process, and analyze enormous amount of data on daily basis. Information systems utilized for asset management not only have to provide for the control of lifecycle management tasks, but also have to act as instruments for decision support. Asset lifecycle management can be viewed as a combination of decisions associated with strategic, planning, and operational levels of the organization. Information systems in asset management,in theory, thus facilitate data-enabled view of asset management. However, realization of such a view of asset lifecycle through information systems requires appropriate hardware and software applications; quality, standardized, and interoperable data; appropriate skill set of employees to process data; and the strategic fit between the asset lifecycle management processes data requirements and the information systems. This paper sketches out a framework for asset lifecycle management data governance, which highlights the rights and accountabilities related to asset data lifecycle management. The framework describes how common business data and metrics should be defined, propagated, owned, and enforced throughout the organization, thereby allowing for better quality and faster decision-making, business intelligence reporting, cost reductions, compliance, and better controls of business processes.
dc.identifier.citationLecture Notes in Mechanical Engineering, 2015 / Lee, W. (ed./s), pp.287-296
dc.identifier.doi10.1007/978-3-319-06966-1_27
dc.identifier.isbn9783319069661
dc.identifier.issn2195-4356
dc.identifier.issn2195-4364
dc.identifier.urihttps://hdl.handle.net/1959.8/124546
dc.language.isoen
dc.publisherSpringer International Publishing
dc.publisher.placeSwitzerland
dc.relation.fundingCIEAM CRC
dc.relation.ispartofseries2195-4356
dc.rightsCopyright 2015 Springer International Publishing Switzerland
dc.source.urihttps://doi.org/10.1007/978-3-319-06966-1_27
dc.subjectdata governance
dc.subjectasset lifecycle management
dc.titleAsset lifecycle data governance framework
dc.typeConference paper
pubs.publication-statusPublished
ror.mmsid9915910148101831

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