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Kahua | www.kahua.com 2 During the temporary time of design and construction, an enormous amount of information about what we are building is created and collected. A fundamental problem is that often, when the data is shared at handover, it is static … a series of PDFs and spreadsheets, stuck on a media device. Much of this data could be useful to the owner to operate and maintain the asset, but it's an unorganized hodgepodge of "stuff." That's unfortunate, but it is also costly. A contractor will spend 0.3% of the project budget corralling and organizing this data. That comes directly out of the profit margin. For a $1 billion project, it's $3 million spent on compiling data at the end of the project. It's even more expensive for the owner. FIA Tech estimates that owners spend 2-4% of the cost of the project to organize handover data in a way that's useful for the asset's operation and maintenance for decades to come. That's $20 million to $40 million for that same $1 billion project. What if the data most crucial to operate and maintain the asset was tagged at the beginning of the project? The concept of Asset Centric Project Management eliminates this pricey, tedious project-after-the-project process. By specifying up front what data is important, the owner tells the design and construction team what they must collect along the way. The process requires very little additional effort. Constructors and designers already gather this information. The only difference is that a means for tagging assets – and associating them to other important project documents and business processes – is provided on day one. Asset Centric Project Management tools create an asset data repository that continues to inform the owner's other tools and decision making regarding his assets long after the project is over. Data flows from the project into operations, from specs into BIM and then into CMMS, and then continually between the asset data repository and the tools used for mapping, for digital twinning, for O&M and for future capital planning. These tools exist today, and owners can take advantage of the wealth of data that has until now been an unearthed goldmine. More is here. Better is now. The goldmine is open, and the time has come for construction owners to begin mining. There is a better way. Consider the life of an air handling unit. It starts as a request, something specified on a drawing, and then included in a cost estimate and a submittal process. Then it becomes part of a purchase order. Then it is acquired and moves through the supply chain. It finds its way onto the job site. It is installed, in a certain place, by a certain installer, under specific conditions, and then inspected. Later, it will be commissioned by another party. Finally, the keys to the building are handed over to the owner. There is a warranty period, but otherwise, this is the end of the project. Among these processes and documents, we can discover part numbers, locations, room numbers, zones, serial numbers, installation dates and conditions, who was the installing company, who was the actual installer and more. Asset Centric Project Management requires that construction owners specify we collect certain pieces of this data in a certain way for a certain purpose. The project is over, but the air handling unit will need to be maintained. It will have components that need to be repaired. It may get moved to a different place in the facility, or it may get moved to a different facility altogether. It may go through a recall and need to be replaced. More data is created: maintenance records and logs, notices from the manufacturer, specific notes from technicians who have been maintaining, repairing and upgrading the asset. Having this easily accessible cradle- to-grave collection of data informs the operations and maintenance teams' smart decisions.

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