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A2010-501 Accessment: IBM Maximo Asset Management V7.5 Infrastructure Implementation

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A2010-501 exam Dumps Source : Accessment: IBM Maximo Asset Management V7.5 Infrastructure Implementation

Test Code : A2010-501
Test cognomen : Accessment: IBM Maximo Asset Management V7.5 Infrastructure Implementation
Vendor cognomen : IBM
: 167 real Questions

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IBM Accessment: IBM Maximo Asset

IBM Brings AI and advanced Analytics to the industrial World | killexams.com real Questions and Pass4sure dumps

ARMONK, N.Y., Feb. 28, 2019 /PRNewswire/ -- IBM (NYSE: IBM) today introduced a new portfolio of information superhighway of things (IoT) solutions that crew synthetic intelligence (AI) and superior analytics to abet asset intensive organizations, such because the Metropolitan Atlanta hastily Transit Authority (MARTA), to ameliorate maintenance suggestions. The solution is designed to aid agencies to lessen costs and reduce the risk of failure from actual belongings comparable to cars, manufacturing robots, generators, mining gadget, elevators, and electrical transformers. IBM Maximo Asset efficiency management (APM) options compile information from physical belongings in near real-time and provide insights on latest operating conditions, prognosticate abilities concerns, determine issues and tender restore thoughts.

organizations in asset-intensive industries fondness energy and utilities, chemical compounds, oil and gas, manufacturing, and transportation, can possess thousands of property that are essential to operations. These property are increasingly producing large quantities of facts on their working circumstances. protecting these assets up and operating is vital to operations and monitoring and optimizing assets on-going upkeep, repair, and alternative choices requires constant evaluation. in line with analyst hard Aberdeen analysis, unplanned downtime can cost a company as a expedient deal as $260,000 an hour.

company leaders can now recognize if a computing device is likely to fail, the exhaust of superior analytics and AI to capture into account timing, prognosticate penalties and determine problems. IBM's APM options uphold groups shift asset upkeep thoughts from preventative to predictive and prescriptive with the aid of integrating disparate records sources to find property in requisite of consideration and recommending actions.   

This retort complements a corporation's existing enterprise asset management (EAM) capabilities, reminiscent of IBM's market leading Maximo EAM answer, and integrates seamlessly with different EAM suppliers. It includes:

  • Asset health Insights: offers asset health assessments in near true-time the usage of asset data, sensor facts, and different external facts to notify upkeep and alternative choices.
  • Predictive preservation Insights: Predicts asset fitness the exhaust of statistical fashions and computing device discovering. comprises failure date/likelihood, key drivers, degradation curves, and anomaly detection.
  • equipment management Assistant: allows for technicians to repair machine with an AI-powered coadjutant offering sooner access to documentation, diagnostics and suggestions for fix
  • p>IBM will additionally tender the APM suite custom-made for specific industries, birth with APM for power and Utilities (E&U). This provides business-selected capabilities to investigate and act on insights from utility belongings and comprises chance/criticality scoring, fitness and degradation fashions, uninterested industry statistics mannequin, and climate records integration.

    "it's significant for businesses to deem about how constructive their protection practices are. With the launch of its new Asset performance administration options, IBM is helping businesses develop perception-driven selections with an integrated portfolio of superior analytics and AI capabilities to assist them ameliorate operational effectiveness and efficiency," mentioned Kareem Yusuf, Ph.D., typical manager, IBM Watson IoT. "Maximo APM is designed to multiply a firm's existing trade Asset management gadget through addressing everything aspects of asset efficiency together with fitness, predictive upkeep and repair optimization."

    MARTA maintains Atlanta, Georgia running  

    The Metropolitan Atlanta swift Transit Authority (MARTA), the predominant public transit agency in the Atlanta metropolitan area, is working with IBM to implement a predictive protection solution to multiply reliability of assets, reduce fees and create a Transit Asset administration (TAM) device that gives asset stock, circumstance evaluation, performance measures and conclusion guide. through facts mining, computer researching and AI, MARTA can access and resolve records to stronger breathe conscious the circumstance of gadget categorized in the categories of life safeguard, operation crucial and operation assist to determine expertise considerations of a "gadget" with numerous stakeholders. in the end, the retort will permit MARTA to seamlessly coast from monitoring asset performance KPIs to predicting and preventing asset failures.

    "MARTA is on the birthright track to develop into the first North American public transit agency to obtain ISO 55000 certification. participating with IBM provides MARTA with the innovation from a technology icon, which fortifies us as an trade leader in Transit Asset management," observed Remy Saintil, director of amenities at MARTA.

    About IBM IBM options are designed to allow consumers to enrich the operational effectivity of their physical belongings and reduce prices during the vigour of IoT information and simulated intelligence. through amassing and curating facts from billions of linked devices, sensors, and programs worldwide, they empower firms to derive new insights from their machine, motors and amenities. IBM's trade expertise, leading security, and solutions constructed for a hybrid cloud atmosphere firmly establish us as a pacesetter in IoT. For extra counsel on IBM Watson IoT, gratify talk over with www.ibm.com/iot.

    Media Contacts:

    Lowell Eschen

    Hanna Smigala

    IBM Media relations

    IBM Media relations

    1-303-913-2569           

    1-203-512-5497

    Lowell.Eschen@ibm.com

    smigala@us.ibm.com

    View established content material to download multimedia:http://www.prnewswire.com/news-releases/ibm-brings-ai-and-advanced-analytics-to-the-industrial-world-300804229.html

    source IBM

    Copyright (C) 2019 PR Newswire. everything rights reserved


    IBM Maximo placed in Leaders Quadrant for 3 enterprise Asset management Industries | killexams.com real Questions and Pass4sure dumps

    source: IBM

    September 27, 2007 13:fifty nine ET

    experiences cover vigour era, Transmission and Distribution and Manufacturing

    ARMONK, new york--(Marketwire - September 27, 2007) - IBM (NYSE: IBM) these days announced that Gartner Inc. has located IBM's Maximo asset administration retort within the leaders quadrant in three of its experiences, including the "Magic Quadrant for trade Asset administration for Manufacturing, 2007," "Magic Quadrant for trade Asset administration for Transmission and Distribution, 2007," and "Magic Quadrant for energy-producing EAM application, 2007.(1)"

    Gartner evaluates carriers in its Magic Quadrant on "Completeness of vision" and "skill to Execute."

    In each of the experiences, the analyst company qualifies leaders as having a world presence, a huge installed foundation in every of the areas being evaluated, and "a mix of wealthy points including: functionality, interfaces to distinctive ERP functions and a equipped and global implementation ally group."

    IBM Maximo is a set of application products that helps consumers manage their enterprise property -- together with planning, procurement, deployment, monitoring, maintenance and retirement -- via a web-architected platform. With customers in a large number of industries, from packaged items to massive manufacturing and oil and fuel construction, IBM Maximo is designed to enrich production reliability, labor efficiency, cloth optimization, utility license compliance, hire management, warranty and service management and provisioning throughout a company's property.

    "we are extraordinarily cheerful with Maximo's most recent positioning in Gartner's trade EAM Magic Quadrant experiences," spoke of Jack younger, vice president, Maximo construction, IBM Tivoli application. "With the focus on specific industries, they confidence these experiences spotlight Maximo's ability to fullfil a wide selection of necessities according to their knowing of and dedication to solving the challenges their clients face. With the materials they possess now been in a position to add to their progress and implementations groups, they are assured Maximo will proceed to breathe a leading retort for a spread EAM markets."

    The Gartner reviews encompass a market description for trade Asset administration (EAM) solutions, pointing out, "EAM performance evolved from the CMMS applications that encompass drudgery and materials administration for vice fix, customary preventive renovation and service actions, and from the drudgery administration functions that catered to reactive, short term drudgery planning arising from client or failure requirements. An EAM solution comprises drudgery order creation, deliberate maintenance, maintenance history, MRO stock and procurement, as well as device, allotment and asset monitoring for gadget. In its most-evolved form, the functionality is extended by pass of the addition of fundamental monetary management modules, similar to money owed payable, cost recording in ledgers, and human aid administration for rostering and talent recording."

    About IBM

    For more information on IBM, gratify consult with www.ibm.com. more information on IBM's Maximo may moreover breathe institute at http://www.maximo.com.

    Maximo® is a registered trademark of IBM, Inc.

    (1) Magic Quadrant for commercial enterprise Asset management for Manufacturing, 2007. Dan Miklovic, Kristian Steenstrup Magic Quadrant for enterprise Asset management for Transmission and Distribution, 2007. Kristian Steenstrup, Dan Miklovic Magic Quadrant for vigor-producing EAM software, 2007. Kristian Steenstrup, Dan Miklovic

    The Magic Quadrant is copyrighted 2007, by Gartner Inc. and is reused with permission. Gartner's authorization to print its Magic Quadrant should soundless not breathe deemed to breathe an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner's conviction and is an analytical representation of a industry at and for a specific time duration. It measures companies in opposition t Gartner-defined criteria for a marketplace. The positioning of providers inside a Magic Quadrant is in line with the advanced interplay of many factors. neatly-advised supplier preference choices should soundless weigh on greater than a Magic Quadrant. Gartner research is meant to breathe one in everything many suggestions sources and the reader may soundless now not depend solely on the Magic Quadrant for determination-making. Gartner expressly disclaims everything warranties, express or implied of health of this analysis for a specific aim.


    IBM to acquire TRIRIGA, Inc. to accelerate up Smarter buildings Transformation | killexams.com real Questions and Pass4sure dumps

    ARMONK, N.Y., March 22, 2011 /PRNewswire/ -- IBM (NYSE: IBM) these days announced a definitive shrink to acquire privately-held TRIRIGA, Inc., a Las Vegas, Nevada-based company of facility and actual estate administration application solutions. The circulate goals to accelerate up IBM's smarter constructions initiatives via adding superior intelligence that improves real property efficiency, capital stint management and the results of sustainability initiatives. monetary terms were no longer disclosed.

    (emblem: http://photos.prnewswire.com/prnh/20090416/IBMLOGO )

    TRIRIGA application helps clients develop strategic decisions involving area usage, evaluate option precise property initiatives, generate greater returns from capital projects, and investigate environmental possess an outcome on investments.

    greater efficiencies across the operations and administration of real property are crucial for organizations with diverse facilities.  Property and real property usually represents the 2nd-greatest expense on a corporation's revenue statement, after employee compensation.  facilities investments and operating charges may moreover breathe greater than 30 percent of corporate annual spending.  Fifty p.c of the lifetime ownership expenses of a facility can breathe pushed from its ongoing operation.

    IBM is working with thousands of agencies globally to optimize the energy usage and device efficiency in workplace structures, campuses, resorts, hospitals and cities using IBM smarter structures application, which includes analytics, automation and IBM Maximo Asset management.

    today many facilities managers, real estate managers and C-level executives weigh on divide items from distinctive vendors to optimize their facility infrastructure, rent administration, utility consumption, house and occupancy, and facility circumstance assessment. every product used via divide departments holds silos of assistance, making it tricky, if now not inconceivable, to participate across different operating capabilities. in a similar fashion, company strategies that span numerous groups can't with no worry breathe accomplished when these businesses are the exhaust of diverse products.

    "The combination of TRIRIGA and IBM smarter edifice solutions will deliver the industry's most comprehensive capabilities that span the wants of everything industries for managing facilities and actual property portfolios," spoke of Florence Hudson, energy and atmosphere government, IBM.  "Having one view of edifice operations worldwide will breathe an impressive tool to assist corporations exploit and optimize their second-greatest company fee -- property."

    greater than 200 purchasers and heaps of users -- together with over one-third of Fortune one hundred organisations throughout every essential trade, as well as seven of the 15 federal government departments of the U.S. government -- exhaust TRIRIGA application to reduce operational prices, boost recur on actual estate assets and mitigate environmental regulatory dangers.

    As a leader within the office administration market, TRIRIGA will ameliorate IBM smarter structures options by pass of adding these key capabilities:

  • true property Portfolio administration, including strategic portfolio planning and hire administration --TRIRIGA permits companies to optimize constructing use, slit back occupancy charges and ameliorate lease administration. TRIRIGA software helps organizations evaluate future space necessities and develop long bustle planning selections. for instance, the usage of solutions from TRIRIGA, managers can verify future area and boom wants and judge probably the most financially a expedient suggestion alternate options amongst rent or buy alternate options.
  • Capital project management, corresponding to situation assessment, budgeting, progress estimating and stint administration -- comfortably evaluating constructing situation and prioritizing investments are vital in maximizing a facility's lifetime price at the lowest cost feasible.  for example, managers can check no matter if to exchange a roof on a constructing versus replacing the heating, ventilation and air conditioning (HVAC) apparatus by pass of assisting examine which is a stronger return-on-investment and assessing change-offs in determining funding priorities.
  • power and Environmental Sustainability, equivalent to monitoring utility expenses and consumption, examining environmental investments and setting carbon administration thoughts -- tracking and managing utility prices, including electrical energy, gasoline and water, is step one corporations possess to soak up riding these fees down. for instance, the exhaust of TRIRIGA application, a company can parade screen and music its carbon footprint and reduce greenhouse gases from underperforming amenities. agencies can evaluate the economic and environmental benefit of capital investment choices concentrated on energy and environmental effectivity innovations, reminiscent of a constructing retrofit or updating to a extra efficient HVAC gadget.
  • "collectively, IBM and TRIRIGA will tender the most comprehensive facility and real estate administration retort for clients around the globe," stated George Ahn, president and CEO of TRIRIGA.  "with the aid of combining their intellectual capital with the international attain of IBM, they can abet valued clientele dramatically enrich their constructions' operations to develop into greater sustainable and cost effective."

    TRIRIGA should breathe integrated into IBM Tivoli utility and IBM international enterprise features.  The transaction is expected to shut within the 2nd quarter of 2011, matter to regulatory approval and the delight of widely wide-spread closing circumstances.  TRIRIGA employs about 200 people international.

    The acquisition of TRIRIGA will uphold accelerate up IBM's growth within the smarter buildings market, a key initiative in IBM's Smarter Planet work.  previous this month, IBM mentioned Smarter Planet tasks are estimated to drive $10 billion in revenue for IBM by means of 2015.

    For extra information, gratify search counsel from http://www.ibm.com/software/tivoli/welcome/tririga

    About IBM Smarter constructions

    considering the fact that launching its Smarter buildings initiative in February 2010, IBM has created a portfolio of smarter structures options that integrate with constructing automation utility from throughout the trade.  IBM's actual-time monitoring and evaluation, amenities and house management capabilities, and superior dynamic dashboards helps homeowners and executives in the reduction of amenities operations and energy price, and enhance asset administration and reliability. For extra information, discuss with: http://www.ibm.com/smarterplanet/us/en/green_buildings/ideas/index.html?re=sph

    About TRIRIGA, Inc.

    Named by pass of top-quality trade analyst companies as the chief in sustainability application and in built-in location of drudgery management programs, TRIRIGA gives trade sustainability, actual property and facilities management solutions. TRIRIGA has delivered the industry's most advanced capabilities similar to configurable workflow and performance analytics engines to slit back operating prices, multiply recur on belongings and obtain sustainability goals for mid- and large-sized industrial and public companies, including a couple of-third of the Fortune 100.

    Press Contacts:

    Tod Freeman IBM Media relations 415-320-5893tefreema@us.ibm.com

    Michael Corrado IBM Media members of the family 914-766-4635mcorrado@us.ibm.com

    source IBM


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    IBM Energy Management News: Toshiba Laptop Integration; Projects with Louvre, Air Force, LA Schools | killexams.com real questions and Pass4sure dumps

    IBM announced an energy-management partnership with Toshiba, and projects to manage resources at the U.S. Air Force, Louvre Museum and Los Angeles Unified School District, at the company’s Pulse 2012 conference in Las Vegas this week.

    Toshiba’s new line of enterprise laptop PCs will integrate IBM Tivoli Endpoint Manager energy management software with Toshiba’s BIOS feature to allow IT managers to apply company’s specific policies for energy controls and security across PCs within an organization. Energy usage data is measured by the PC hardware and sent to IT staff, who can remotely attach each group of PCs into specific power-saving modes or develop peak-shift management changes as needed.

    Security features comprise management server authentication, and optional blocks on file writing to external storage. Toshiba plans to sell the new lines of enterprise PCs by mid-2012.

    IBM’s Tririga smarter buildings software will abet the U.S. Air force Office of the Civil Engineer gauge energy efficiency and automate the management of its worldwide physical infrastructure portfolio, including buildings, vehicles, runways and other infrastructure in 170 locations.

    The portfolio covers more than 626 million square feet of real estate, 100 million square yards of airfield pavement and 10 million acres of land.

    USAF said the software will abet it remove redundant systems, develop better decisions about resource management and prognosticate scenarios before they repercussion service and safety. Using the software USAF plans to reduce operating costs and energy consumption through integrated workplace management, energy assessment tools, and edifice condition-based maintenance, IBM said.

    IBM said that it is working with the Louvre Museum in Paris to preserve and protect its facilities and artwork. The 650,000-sq.-ft. museum is home to thousands of objects and artifacts, some dated to prehistory, requiring about 65,000 repairs and maintenance visits with hundreds of vendors per year, the company said.

    IBM said that its Maximo Asset Management software is used by the museum’s staff to control corrective and preventative maintenance processes, as well as oversee the efficiency, real-time operation and management of the museum.

    The software’s database helps staff visualize processes including the initial planning, cleaning, maintenance and disposal of margin and facility systems such as air-conditioning, heating, elevators, lights for each margin or gallery, and the locking system for more than 2,500 doors, IBM said.

    IBM moreover announced a crowdsourcing mobile app project with the Los Angeles Unified School District. Faculty, staff, students or parents can ship text messages or photos to report maintenance requests, such as leaky faucets, broken air conditioning units and other resource-wasting issues. Software from IBM trade partners CitySourced and Esri then automatically shows staff where the problem is located, IBM said.

    In the first eight months of the program’s implementation, the school district responded to more than 750 maintenance requests.

    The school district is the second-largest in the country, with 700,000 students and more than 14,000 buildings over 710 square miles, and receives more than 300,000 maintenance service requests a year.


    10 Drivers for Successful Maximo Mobile Implementation | killexams.com real questions and Pass4sure dumps

    Mobile application for Maximo operations is the gateway to IoT and Advanced Analytics by capturing the birthright data at the point of performance and data which is not captured when using desktop version of Maximo. As assets become smarter and as existing trade requisite more efficiency it’s natural to gaunt towards mobile platforms for better asset management.

    Maximo mobility initiative can succeed or can turn into a failed project, with time and money lost, and solutions rejected by users. How can one ensure that the Maximo mobility initiative is successful which delivers ROI and develop users happy? Read through these pointers to learn how your Maximo mobile initiative can justify the ROI…

    1.Mobility Strategy — Preparation is half victory:

    Start off with a sound trade case. The mobility strategy adopted should provide a compelling trade & cost driven judgement for embracing the mobile journey. Cost benefit analysis, time study etc. in specific trade streams (e.g. drudgery management, Inventory Management), would give a lucid picture of what can breathe achieved in this journey. This will in-turn abet assessing which drudgery stream takes priority over others. A angle sane approach will ensure successful implementation. The strategy should include

  • Device Strategy –BYOD, lease or purchase
  • App selection procedure
  • Mobile Device Management (MDM)
  • Pilot and Implementation Approach
  • 2.Assessment / Evaluation:

    There are many Maximo mobile apps in the market, choosing a birthright one could breathe a challenge. Here are a few tips to drive your evaluation through a structured approach. Based on your functional & technical requirements, prepare a particular questionnaire and ship it to everything potential vendors. A score card will provide you an objective result.

    Here is what most organizations fail to notice — “Hands on Evaluation” — Your vendor should breathe able to provide a test site where your terminate USERS can play around with their product. If it fits their bill, your product selection is most likely to breathe successful.

    Not everything products would provide everything the features you are looking for. A confirmed product road-map is moreover to breathe considered. If not today, if the feature can breathe made available in a reasonable time, deem that in your evaluation. You could save a lot by this consideration.

    3.Pseudo Piloting:

    Pick the top 3 vendors. Pick the module(s) / functionalities that one wants to implement. Deploy the app in your environment. Load test data & now allow your key terminate users to play around for 4–6 weeks. Pseudo piloting will identify problems related to the environment, functionality behavior, user experiences etc.

    Evaluate your objectives based on the pilot implementation. Now if one goes back to the drawing board he would exactly know what to modify and how much. Monumental changes conclude not reflect a expedient design. Cosmetic changes are faultfinding because it is a mobile app, they can develop or rupture your actual implementation.

    4.Devices:

    A faultfinding piece in the Mobility journey. Select the device based on the functionality or user. For sample if one plans to implement the mobile solution for bailiwick technicians for collecting the data, the data collection forms would breathe more usable on a tablet device than on a mobile. Though affluent in features, your app could breathe easily disregarded, if the device is not expedient enough.

    When it comes to devices, organizations either provide company owned devices to users or adopt an employee owned ‘Bring Your Own Device’ (BYOD) policy.

    Company owned vs BYOD is one conclusion that one requisite to capture and will depend on the extent of standardization thats looked for.

    The following holds expedient for any kindhearted of devices

  • Environment: The device needs to breathe sufficiently rugged or must possess an external protection if the usage is outdoor or in harsh climate.
  • Battery life: Devices with longer battery life, add-on batteries would breathe beneficial for bailiwick technicians who don’t possess regular access to charging points.
  • Features such as cameras, GPS etc: These are decided by your functionalities and features.
  • System resources (RAM, Memory, Processor): The device system resources should breathe adequate so that it will drudgery reasonably hastily and perform well with your apps loaded, else users will accumulate annoyed and may even reject the solution completely.
  • 5.Usability:

    A study reveals that 78% of enterprise mobile apps are abandoned after the first use. The biggest contributor to this is usability. No matter how expedient the features and functionality of the app, it won’t succeed unless users actually start using it.

    The significant objective of the Maximo mobile implementation is to provide the users with the simple user interface that results in productivity gains through greater flexibility and convenient. The mobile UI should align with endemic design of the device. This ensures minimal learning curve.

    Most of the tangled features/workflows that are available on a Maximo desktop application including the number of clicks has to breathe minimal on mobile app and has to tender a seamless user experience without affecting the productivity of users.

    6.Integration with Maximo:

    There are multiple ways to integrate the mobile solutions with IBM Maximo. Some requires middleware & DB to bustle mobile apps which means you may possess to procure additional infrastructure to bustle the mobile app. Some exhaust the existing infrastructure but you might possess to multiply the capacity of existing servers (additional JVM/Cluster), if it doesn’t possess the bandwidth to uphold the additional users.

    In future, if there are additional trade rules or changes in the MBO of your Maximo application, the integration with the mobile should uphold the changes in Maximo and there should not breathe duplication of coding.

    Users access rights defined in Maximo should breathe synchronized in the Mobile app. The integrity of data has to breathe maintained and it should allow cloned/customized Applications, trade logics, workflow and provide as much security as desktop version.

    7.Flexibility & Scalability:

    Customization must breathe done easily. It should breathe able to uphold any external devices that is used in your organization. For sample integrating with RFID scanners for scanning the asset tags.

    If the devices are used by multiple users in different shifts, the mobile solution should retain the data of the users who used the identical device with different login. Eg. If the devices are used by multiple users and while transferring the device, if the data of the previous user is not synchronized with Maximo then there would breathe data loss. Multi user uphold is very much required.

    A scalable Maximo Mobile app should deem various parameters fondness uphold to maximum number of users, Maximo version changes, device diversity, new operating systems and infrastructural changes.

    8.Security:

    The mobile application should uphold the authentication mechanism that has been followed by your organization as well as authentication mechanism in the road map. This would mitigate the risk of touching from on-premise to cloud.

    Having a two or three layer security is preferable, however, the security controls should breathe more user friendly and non-intrusive — users should not breathe asked to retype passwords repeatedly. A single-sign or multi factor authentication most preferred user-friendly security system.

    If the Maximo is on Cloud with SoS authentication, check if the authentication mechanism of the cloud is supported by the mobile solution.

    Also, it is best to possess the mobile solution which has the encrypted DB on the devices, it protects data intrusions.

    9.Licensing:

    The mobile solution should comply with the IBM’s Maximo licensing model. Maximo 7.6 supports concurrent license model, hence the mobile solution which supports concurrent user model would save your bill. moreover check if the Mobile solution provider supports OPEX licensing model which is subscription based, implying pay on the proceed and is conditional on the number of users the app can uphold and the specific time epoch of access.

    10.Partners:

    Join hands with a ally who shares the identical vision and energy. Partners will possess a game changing outcome in this journey. Your implementation ally could breathe sound in Maximo implementations or upgrades but could plunge flat on mobile app development. They requisite not breathe experts or experienced in EAM mobile apps, but someone who understands the user’s pulse and purpose. Their depth of domain knowledge, technical know how and passion plays vital role in your mobile journey. exhaust a similar evaluation criteria that was used for mobile app to select your ally as well.

    Giving consequence to domain expert will abet to multiply the success rate.


    Understanding Enterprise Asset Management | killexams.com real questions and Pass4sure dumps

    An interview with Fred Jennings, executive consultant,management advisory services group, R. W. Beck

    By Nancy Spring, Senior Editor

    With the latest enterprise asset management tools, utilities can consolidate existing systems and create more efficiencies. That could add up to better management, more accurate compliance and best of all, cost savings, but what exactly is enterprise asset management and how conclude you exhaust it? Who needs it, where conclude you accumulate it—and most of all, what will it cost?

    We spoke with Fred Jennings, an executive consultant in R. W. Beck's management advisory services group, in hopes of getting a better understanding of the "what" and "why" of enterprise asset management. Mr. Jennings is an industry-recognized expert with more than 28 years of consulting experience in the energy, electric and water resource utilities and telecommunications fields. He has extensive experience in trade assessment, monetary governance, integrated planning, and cost management and performance management focused on value creation within everything utility sectors.

    In his practice, he has moreover focused on capital resource optimization, trade information systems and enabling technology deployment to address evolving industry challenges—in short, he's the faultless person to querry about enterprise asset management (EAM).

    Let's start with a basic definition of enterprise asset management.

    That's probably very appropriate, because the titling has evolved over the terminal decade, since it really took on any particular meaning. Today, in general, EAM refers to a whole-life pass to examine the management of physical assets in an organization. From initial design, construction, putting it into service, how you operate, maintain and ultimately capture it out of service, it's the natural course of costs involved during its life. It's really what they deem lifecycle costing—that's the key impute today.

    [Native Advertisement]

    "Enterprise" is kindhearted of a modern term that's been applied to virtually everything but it does possess some applicability in that we're trying to coast away from functional or departmental asset ownership and recognize that assets indeed are the domain of the entire enterprise. For example, one organization may design and construct it and another totally different organization operates it, yet they interact with each other because the operating costs and maintenance costs are conditional upon the design consideration made earlier and in a different department.

    Is newly developed software driving the adoption of EAM?

    I've seen an stupendous evolution of software since I started consulting in 1979, and unfortunately there is soundless some quiescent belief that the solution is in the software.

    The best software soundless will not accumulate you what you need, but that said, sound, well-implemented, enabling software applications can facilitiate this lifecycle costing much more easily than without, and so the industry's focus on that requisite certainly helps drive the market and helps facilitate users to accomplish the goals of EAM.

    Are rising costs making EAM more significant to the industry today?

    There is an increased focus on general cost management and improved performance. The entire floor of acceptable performance and competitive cost is more in the focus today than many years ago. My own observation is that in the investor-owned utility market space, the clearly focused if sort of myopic drive toward shareholder value—the require for shareholder value—is so prevalent today that it's moreover driving much of the requisite for not just cost reduction, but performance and efficiency enhancement.

    I can envision EAM for large IOUs and municipal utilities, but is it moreover helpful for smaller munis and co-ops?

    The identical benefits accrue to anyone. It's sound management. The first step in EAM really starts with understanding what assets you have. A utility of any size needs to know what it has, where it is and its condition.

    Do utilities requisite to structure themselves differently to develop EAM really drudgery well?

    That's critically important. There possess been efforts in the industry under the title EAM that possess had more of a process focus to abet develop more observant asset investment decisions, techniques that stare at why one asset investment would breathe made versus another based on, for instance, categories of risk. That's a process orientation that applies to the organization. Beyond that, irrespective of how widely EAM is deployed in the organization, it's soundless imperative that the organization embrace the process changes in order to positively outcome its conclusion making.

    Would the first step breathe to gain out externally and accumulate help? For instance, to abet people coast away from spreadsheets?

    In any new applications fondness this that feel the enterprise, they believe it's absolutely faultfinding to establish what the success factors and the end-state goals stare like. Define what you really want to accomplish then conclude a current-state diagnostic that looks at where you are currently. With the contrast, you can find the most efficient steps to abet you on a roadmap to your end-state.

    As far as spreadsheets, there are some organizations in which they may breathe acceptable. I'm working in a municipal birthright now where a couple of people possess massive spreadsheets. They're very attentive; they know everything about everything their substation equipment.

    The challenge is, does the enterprise possess visibility into it? Of course, that's limited. Can the enterprise harvest complete value from that information? The retort is no, because it's more limited to the perspective of the individual. But it's a worthy starting point for this organization and a expedient location to launch from.

    The aging workforce is one of their industry's greatest challenges. Will EAM processes and systems develop it easier for the next generation to capture over?

    We know that capturing institutional scholarship before it leaves is a faultfinding requisite in their industry. In electric utilities, they really possess a shortage of applicants coming into the industry, so we're driven to breathe more efficient with fewer human resources. Leveraging technology is one of the strategies for accomplishing that, but technology needs to breathe leveraged with a sustainable, visible process that operates independently of the individuals who happen to breathe there for a particular epoch of time.

    Have you any thought what this would cost for a medium-sized utility, for example? Or is that impossible to estimate?

    It's really difficult to retort that for several reasons. For one thing, I wouldn't know what legacy and enterprise systems they possess birthright now. But if they are starting anew, organizations are spending one to two years to build an inventory with outside resources helping them, and then there's the cost of the application itself.

    There are a number of success stories in the industry—pole attachments, for example. We're losing millions and millions of dollars by not managing everything their pole attachments and collecting allowed revenue. Some utilities possess said, "We've had enough," and they've hired temporary staff to conclude a very fast-paced, intensive effort, to accumulate ahead of the boulder that's coming downhill at them. For mid-sized utilities, I've seen that done in a year.

    So in terms of asset inventory for a mid-sized utility, with overhead and underground infrastructure, substations, if they really had a mess—chaotic, inconsistent, low-accuracy, low-confidence data—and needed to start anew, that's probably a pretty intensive three-year effort. For that, I could espy several millions of dollars, easily.

    The application installation itself depends on the vendor. They possess Oracle, SAP, IBM's Maximo, and others—among those, they're pretty pricey, getting into seven figures, just by virtue of their size. I've seen them for less, but remember, they are enterprise-wide. The key objective is to achieve a lone version of the truth, so if you're going to attach in a system fondness EAM, it needs to possess validity so your decision-making processes can depend on the data. conclude it right, or you're going to proceed down the path, disburse a lot of money and soundless not possess the inherent aplomb and that will really shorten the value for the time and the direct out-of-pocket cost. Process-wise, that's a year to two.

    To leverage the EAM, there's probably a year in the design, a year to accumulate it implemented and probably another year to accumulate it humming.

    Do you know how many IOUs possess EAM up and humming along?

    I really don't possess a expedient sense of that, but I can negate there are relatively few that I possess seen that I deem are where they want to breathe or should be. It's not nascent, but we're adolescent in the institutionalization of what, in my broad view, asset management can and should conclude to abet a utility operate in a very high-performing, efficient and capital-deployment-effective mode. Is your capital deployed? Is it effective? Does it conclude the job and in a cost-efficient way?

    What other observations would you fondness to share?

    My personal pet peeve. I possess worked in installations of monetary management, monetary forecasting, budgeting, cost management, regulatory management, tools and systems for a broad ambit of IOUs. I've done custom cost reporting, I've worked to "get their data out of jail," I've worked in a broad ambit of applications, and the fact is that I soundless wind-up coming in after the fact to abet utilities harvest the value out of these stupendous applications that they attach in. It is so difficult to accumulate them to invert the process.

    We espy it a puny bit in AMI, AMR and MDMS, where there's a reluctance to attach themselves in the infringement before they possess really thought through what they want. In the case of AMI/AMR, there are multiple technological paths and they're concerned about making technologically obsolecent decisions. And they should capture the identical approach with EAM. In the first year, disburse your time to really define, at an enterprise-wide level, facilitiated by someone fondness R.W. Beck, what the vision is, what the functional needs are, what the future vision will stare like, because it's profoundly different from where you are today, and then proceed about writing the functional specifications and finding, selecting and implementing these tools. Now you can conclude it with performance testing, and you can pick more astutely and you can select implementation scheduling better and really know what you want to garner out of those applications.

    And I thought you could just slap in the software and exhaust it.

    The most difficult aspect and challenge in any organization is getting the human component to change. Tools are effortless compared to us humans. And that's the allotment that gets short-shrifted. If it's not working perfectly, they guilt implementation, but the fact is they don't recognize how difficult change management is. Some people espy the vision but how it translates down into the pragmatic implemented efforts gets lost. To the extent that they can withhold that focused early, I deem the terminate results and efficiency ameliorate multifold.

    In many ways, I deem this industry is at a crossroad where truly enabling technologies can fundamentally change the pass they conclude trade for the better, but it's going to capture some very bold and insightful leadership that isn't just enamored by technology but recognizes the long-term, difficult process it will breathe to institutionalize those changes in the human resource component of the organizations. If they can desist being manual and dated and leverage current technologies, I deem they can accumulate information that heretofor has been onerous to collect and then harness computing power fondness we've never seen and let it abet us with these decisions. In an industry that used to breathe called frail and stodgy, I deem they could redesign their entire industry. We're going to rupture the pass we've done trade in the past. And that's very exciting.

    Editor's Note. This article originally appeared in the July issue of Electric Light and Power magazine. At the time it was published, Nancy Spring was its Managing Editor.



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