melbourne convention and exhibition centre · 2019. 8. 27. · proudly partnered with melbourne...
TRANSCRIPT
Proudly partnered with
Melbourne Convention
Jared Cathcart
22 – 23 August 2019
and Exhibition Centre
The Holistic Data Environment and its Role in Digital Transformation
Jared Cathcart
Senior Manager, Strategy & Consulting
/jbcathcart
Experience in providing advisory and project delivery services to major
capital projects across the Oil & Gas, Minerals & Mining, Chemical Processing,
and Infrastructure industries.
I have dedicated my career to providing project delivery services and
advice to projects and project focused organizations. Specializing in
providing industry-leading process improvements and advisory services to
project management and controls teams throughout all stages of the project
lifecycle.
en : stoawithin, inside,
to become
the great hall in
Athens in which the
ancient Greek
philosopher Zeno
gave the founding
lectures of the Stoic
school of philosophy
About Enstoa
Healthcare | Education | Energy & Resources | Engineering & Construction | Power & Utilities | Infrastructure | Real Estate | Retail
8 years on the Inc. 5000 fastest growing private companies in USA
Awarded top 150 fastest growing solution providers
Winner of NYC SmartCEO 2017 Future 50 Award
Enstoa Differentiators
• Holistic data environment
• AI and data science
• Project delivery optimization
• Computational BIM
• ERP-integrated project and
program management systems
• Project and asset
management
• Full spectrum tech-enabled
advisory and digital services
• Operating model
modernization
• Organizational change
management
• Evidence-based team design
RELEVANT DATA
AND EMERGING TECHNOLOGY
UNMATCHED
INDUSTRYEXPERTISE
EVIDENCE-BASED
CHANGEMANAGEMENT
1 2 3
Enstoa is accelerated digital
transformation for the built
environment.
Source: McKinsey.com
Spent per year in the Global Construction Sector
Trillion
Source: McKinsey.com
Improvement in manufacturing labour-productivity since 1945
Value gap between Construction and Global Average
productivity
Improvement in Construction productivity, same period
“…poor project management and execution, insufficient skills, inadequate design processes, and
underinvestment in skills development, R&D, and innovation.”
Trillion
Barriers to Capital Efficiency
• Developing and maintaining assets requires many areas of expertise
• Prevailing operating models are inherently inefficient
• Disparate systems within and between stakeholders severely limit access to data
• Contracts create adversarial relationships and further limit access to data
EPCOWNER
S Y S T E M SS Y S T E M S
C O N T R A C TC O N T R A C T
11
Project Burden
• Complex & fragmented
• Between & within companies
• 10’s to 100’s of interfaces
• Up to 12 interface layers
• Claims & disputes
• Passthrough mark-ups
• Compounds up to 40% cost inefficiency*
*Construction Industry Institute - 2019
OWNER
DISTRIBUTE
FABRICATE
MFG
LOGISTICS
S/CVENDOR
GCENGINEER
BANK
MATERIAL
JV
CONSULT
INSURANCE
FINANCE
TAX
12
Build Better –Maximize Value
Differentiators for maximizing value from capital investment
• Selectivity, not velocity in capital deployment
• Commitment to driving capital efficiency
• A focus on operational excellence
Time$
Illustration of the cumulative cash flow of an asset
Project Operations
13
Data for Asset Lifecycle
Project
Management
& Controls
Q
$
Construction
& Installation
Q
Procurement
& Supply
Chain
Q
Engineering
& Design
Q
Finance &
Accounting
$
Operations &
Maintenance
Q
$
WBS
AID
CWP
IWP
CBS
COA
DBS
WBS
AID
EWP
ABS
CBS
RBS
WBS
AID
PWP
14
Data for Asset Lifecycle
Project
Management
& Controls
Construction
& Installation
Procurement
& Supply
Chain
Engineering
& Design
Finance &
Accounting
Operations &
Maintenance
Digital
Asset
15
Holistic Data Environment
Digital
Asset
Engineering & Design
Procurement & Supply
Chain
Construction & Installation
Project
Management
& Controls
Operations & Maintenance
Finance & Accounting
Enterprise Technology Platform and Processes
ERP Core
Edge Solutions
General Ledger
Accounts
ReceivableFixed AssetsPurchasing
Accounts
PayableInventory
Human
Resources
Project Accounting
Estimating SchedulingCost
ControlDesign
Risk
Management
Document
Control
Contract
Management
Sourcing
Project Portfolio Management and Optimization
Asset
Management
Work
Management
Time &
Expense
HDE Based Strategy for Digital Transformation
16
Framework for Holistic Data Environment
Structure Abbrev Purpose Function System Module Common Pitfalls without HDE
Design Breakdown
StructureDBS Asset design, material, and equipment.
Design and
EngineeringDesign 3D CAD
Coding standards built for design
only; can’t support procurement/BOQ
Work Breakdown
StructureWBS
Scope definition and control; direct work
planning; direct work performance
measurement and reporting.
Project Controls PMIS Schedule
Redundancy with elements in BIM
data and cost items in CBS. Forced to
perform other functions.
Resource Breakdown
StructureRBS
Planning, tracking, and forecasting project
labor, material, and equipment.Project Controls PMIS Schedule
Overuse of fixed assets/elements as
resources. Disconnect with
Procurement.
Cost Breakdown
StructureCBS
Project budget control; Cost forecast;
Integration and reconciliation with ERP
cost accounting.
Project Controls PMIS Cost Control
Coding too granular replicating WBS,
ABS, and COA requirements. Results is
excessive data entry and
irreconcilable data.
Asset Breakdown
StructureABS
Financial valuation; Operations &
maintenance management.Owner - Finance ERP Fixed Assets
Integration complexity or manually
intensive data transformations that
delay in-service reporting.
Chart of
AccountsCOA Corporate accounting and budgeting. Owner - Finance ERP
General
Ledger
Redundancy with COA coding and
construction WIP with CBS.
Organization
Breakdown StructureOBS
Responsibility; Project delegation of
authority; System security.BU/Division PMIS Portfolio
Manual methods create compliance
risk and chaotic delegation of
authority (DOA) management.
Enterprise Project
StructureEPS
Project portfolio planning, performance,
reporting, and analysis.BU/Division PMIS Portfolio
Created in multiple places: scheduling,
cost control, and portfolio systems.
Manufacturing’s Digital Twin
PM Framework
Holistic Data Approach
Equipment, Materials, Design
Specifications
Operations Manuals
Maintenance Requirements
3D Model
Digital Twin
Financing, Payables
Construction Equipment
Resources
Cost, Schedule, Progress
Blockchain
Storage Layer
Smart Contracts
Technology for
Digital Transformation
Identity & Transaction LayerHolistic Data Environment
Decentralized Applications
20
The Path to Digital Transformation
Paper Based
Functional Systems
Integrated Systems
Holistic Data Environment
21
Paper Based
Functional Systems
Integrated Systems
Holistic Data Environment
Three Primary Best Practices
1.Lead with data
2.Place the digital asset at the center
3.Address the trust issues head on
22
Data for Asset Lifecycle
Project
Management
& Controls
Construction
& Installation
Procurement
& Supply
Chain
Engineering
& Design
Finance &
Accounting
Operations &
Maintenance
Digital
Asset
