CAPEX/OPEX
Asset Investment Planning
Portfolio
Monitoring
Identify needs
problems and opportunities
Asset Investment Planning (AIP) solution is part of an extensive IPS portfolio. It provides powerful capabilities and enhanced intelligence to assist in planning and managing asset investments and optimizing the benefits, costs, and risks of high-value assets.
IPS Asset Investment Planning solution is designed for anyone who manages strategic assets, focuses on creating and managing investment strategies, optimizing asset allocation, and achieving financial goals.
Enhance the Value of Investment Decisions
While IPS Asset Performance Management and Enterprise Asset Management solutions support primarily the daily or weekly operational decisions and actions to improve the reliability and availability of the assets, IPS® Asset Investment Planning software enhances complex, longer-term tactical and strategic decisions relating to the CAPEX/OPEX budget allocations and overall asset management planning. IPS®AIP systems leverage asset data (primarily sourced from APM and EAM systems) to predict the current and future performance of the asset base over a predefined time frame.
IPS®AIP Configuration
Manage investments smarter
Why IPS®Asset Investment Planning
Optimally balance costs and risks and improve performance
IPS®AIP solution provides the powerful ability and intelligence to plan and manage Asset Investment, with the best optimization of the benefits, costs, and risks for high-value assets. 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 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, considering regulatory and budget constraints as well as consideration of risks, costs, and benefits associated with reliability, performance, safety, and environmental factors.
Identify, Prioritize, Bundle (benefits/features)
AIP – Investment Management Template Library
Smart Predictions Using Machine Learning
What-if Simulations
Define your AIP KPI’s
The investment management setup is based on a customizable investment template engine. Users can set investment-specific elements like investment stage, investment owner, investment region, and much more. This is where investment alternatives can be connected and compared. Users can customize the master investment dashboards including investment overview, forecast, risk analysis, and other investment value charts and diagrams. Also, users can customize dashboards for monitoring of AIP solutions bundled into e.g., projects, portfolios, programs. Portfolio monitoring includes scenario viewers for OPEX and CAPEX projects.
AIP – Investment Management Template Library
IPS®AIP makes predictions based on an asset lifecycle rules engine and a simulation engine for option evaluation. IPS®AIP algorithms are based on machine learning and standard methods of asset performance calculation logic, such as the UK DNO enhanced method with D VDE-0109 (IEC TS/6 XXXX) and IPS’ international experience.
Smart Predictions Using Machine Learning
Simulation inputs and APM asset analysis indexes are combined with data-driven algorithms to get a preferred investment solution. The options assessment simulation engine is based on data science algorithms, standardized asset performance calculation logic methods, and a customizable asset lifecycle rule engine. Implemented machine learning includes additional asset data processing, asset clustering, risk asset classification, and regression budgeting.
What-if Simulations
To reap all the advantages of the AIP solution, it is essential that all plans and scenarios meet organizational objectives. Once goals are defined, strategies can be aligned and defined for achieving these outcomes using assets, objectives for achieving strategies, and a set of KPIs to measure growth on these objectives. IPS®AIP is aligned with the ISO 55000 standard, which specifies how to operate assets at agreed-upon service levels while optimizing the total ownership cost at an appropriate risk level.
Define your AIP KPI’s
Start planning your investments today!
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FAQs about Asset Investment Planning
Asset Investment Planning is a process that organizations use to plan and manage resource allocation. 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 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.
IPS®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 IPS®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.