Asset Investment Planning AIP

Data-Driven Asset Investment Planning for Critical Infrastructure

 

Asset Investment Planning is a product that uses cutting-edge analytics to combine asset health data, business priorities, and financial insights to help organizations develop more accurate budget forecasts, optimize and target spending, minimize risk exposure, and maximize power grid availability

 

As part of our broader portfolio of Asset Lifecycle Management products, AIP extends beyond the daily operational decision-making provided by APM and EAM products to complex tactical and strategic planning across your entire fleet of assets over a multi-year time frame.

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What is Asset Investment Planning?

Asset Investment Planning is a data-driven strategic approach to managing financial investments in physical assets, helping utilities and infrastructure operators make smarter, long-term investment decisions.

It balances budgets, costs, constraints, risks, and benefits to align spending with business goals, ensuring the allocated funding delivers maximum value.

How AIP Transforms Asset Management

Flexible Workflows and Investment Generation in AIP

AIP supports multiple workflows with fully bidirectional communication between process elements and connected modules. This allows users not only to plan investments, but also to continuously recalculate and optimize them based on real execution data and monitored performance.

The flexibility of AIP means the investment planning process can start from different points, depending on your strategy and data availability.

Starting points

How AIP works

From needs to investments

Asset Investment Planning streamlines your entire investment planning process into a clear, repeatable workflow.

1.

Identify Needs, Problems, and Opportunities

Generate investment needs from multiple starting points: a top-down approach based on KPIs, a bottom-up approach from asset performance data (APM), or manual creation.

2.

Simulate and Compare Scenarios

Evaluate different investment options using ‘what-if’ simulations. Compare scenarios based on cost, benefits, risks, and their impact on your strategic KPIs to identify the optimal solution.

3.

Finalise and Execute Your Plan

Group approved investments into portfolios and programs. Monitor execution, track planned vs. actual costs and use feedback to refine
future investment cycles.

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External System Integration

Through this integration, AIP and the external systems work together to coordinate the full investment lifecycle. AIP can receive asset information from external sources, send planned investments to the external system, where their status is updated, linked objects are managed, and planned and actual costs are synchronized. The updated information is then returned to AIP, providing clear visibility into what has been implemented and the results achieved.

This bidirectional data exchange ensures that financial, operational, and asset planning information remains aligned and up to date across all systems.

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See why leading energy companies rely on our Asset Investment Planning every day.

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Core Features for Smarter Asset Investment

IPS®AIP functionalities and features are engineered to support your asset investment planning ecosystem from initiation, planning, and execution. Our advanced and comprehensive AIP product delivers the precision tools required for informed, data-driven investment decisions with solid confidence.

Utilities in most jurisdictions must comply with mandatory rate filings and clearly outline their capital plans for T&D systems, while also demonstrating measures to improve sustainability, safety, reliability, and climate resilience. IPS®AIP enables utilities to produce well-documented investment plans that withstand regulatory scrutiny.

Unifying Field Operations with Strategic Asset Planning

Our MobApp seamlessly integrates with your Asset Investment Planning solution, shaping a unified ecosystem that drives data-informed decisions. It equips field teams to capture and transmit essential asset data in real time, utilizing advanced capabilities such as AI-powered image recognition, barcode scanning, and NFC technology. This integration ensures field operations and strategic planning remain fully aligned, enabling rapid, reliable reporting from any location.

Why Choose IPS®AIP for Asset Investment Planning

Optimally Balance Costs and Risks while Improving Performance

AIP provides advanced intelligence to plan and manage asset investments, ensuring an optimal balance of benefits, costs, and risks. The Asset Investment Planning solution brings together all the powerful functionality of IPS®SYSTEMS relating to Asset Health and Risk, Asset Management, Outage Management, and the Business Process Management module. It provides an integrated solution to streamline Asset Investment Planning by including all relevant information, data, and factors in the analysis of needs and options.

Optimal Asset Investment Plans are produced to suit your business needs and priorities, taking into account regulatory and budget constraints, as well as the risks, costs, and benefits associated with reliability, performance, safety, and environmental factors.

Secure the Future of Your Infrastructure

Your challenges are unique, and your investment strategy should be too. Let us help you transform complex data into a clear roadmap for reliability and financial efficiency. Book a free 30-minute demo and learn more.

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FAQs about Asset Investment Planning

Asset Investment Planning is a data-driven approach that maximizes the value of every dollar spent in maintaining and expanding physical infrastructure. The main objectives are maximizing benefits, controlling costs, and mitigating risks to ensure high-value returns. It is especially crucial for managing aging asset fleets that need refurbishment or replacement to sustain grid stability and enhance customer satisfaction.

The AIP improves decision-making in several ways. It integrates various data sources, decision-making frameworks, and simulation engines to deliver a comprehensive view that supports informed investment decisions aligned with strategic goals and financial constraints. Additionally, the AIP solution includes different visualization tools, such as data dashboards, line charts, bar charts, pie charts, and Google Maps. These tools facilitate the analysis of production value, assessment of asset health, management of interruptions, and prediction of asset end-of-life, thereby enhancing the overall decision-making process.

AIP uses machine learning for asset lifecycle management by implementing algorithms based on standard asset performance calculation logic and international experience. Machine learning is used for processing additional asset data, asset clustering, risk-based asset classification, and regression-based budgeting. The system combines simulation inputs and APM asset analysis indexes with data-driven algorithms to derive preferred investment solutions. The options assessment simulation engine utilizes data science algorithms, standardized asset performance calculation methods, and a customizable asset lifecycle rule engine to make accurate predictions.

AIP helps reduce costs by optimally balancing expenses and risks through the comprehensive integration of Asset Health, Risk Management, Outage Management, and Business Process Management. It leverages predictive analytics and AI to enhance asset efficiency, foresee failures, and reduce unnecessary inspections and maintenance. Additionally, the AIP solution improves outage planning and scheduling with a centralized data model, leading to better accuracy and reduced time and costs.

AIP solution handles regulatory and budget constraints by incorporating all relevant data in the comprehensive analysis to balance risks, costs, and benefits while considering regulatory and budgetary limits. Additionally, it creates tailored asset investment plans that align with business priorities, reliability, and compliance.

Many data sources can be integrated into the AIP solution. It combines financial data from EAM or external systems, Asset Performance Management (APM) data for scenario evaluation, and data from SCADA, GIS, and other systems through secure APIs. The Intelligent Data Lake (IDL) ensures data quality and consistency, providing actionable insights. Simulation engines and decision-making frameworks are also integrated to optimize budget allocation and streamline asset management.