CopperLeaf's C55 solution enables asset-intensive organizations to manage the planning, analysis, budgeting, and performance management processes in an integrated and comprehensive manner. C55 facilitates sound decision-making by integrating the finance, operations, and engineering perspectives within a single process for planning asset investments over any time horizon. Out-of-the-box, CopperLeaf's uniquely integrated approach to investment planning and decision-making enables users to:
- Improve risk visibility supporting risk-informed decision making
- Create more defendable and executable investment plans, and communicate those plans
- Enhance governance in both long and short term planning processes
- Reduce plan approval and acceptance cycle time
- Improve asset performance and ROI
While we are flexible in our approach and responsive to our customer's needs and goals, CopperLeaf advocates that the most effective asset investment planning is best achieved with a process that integrates across all planning time horizons. Integrating life cycle planning with budgeting and execution processes creates efficiencies among all process participants by aligning goals and constraints across all time horizons. CopperLeaf has found that most of our customers determine that our AIPM process is either aligned with how they are operating today or how they would like to operate going forward.
CopperLeaf implements the process map shown above which enables users to:
- Identify necessary investments and expenditures based on:
- Investments which are currently committed or executing
- Risk-driven requirements for safety, reliability, or the environment, applied to the asset base
- Capacity forecasts for future requirements
- Estimates of the asset's current condition and projected remaining useful life
- The optimal economic timing for asset replacements and other maintenance or refurbishment activities
- Select preferred alternatives for each investment opportunity
- Trial various portfolio scenarios and analyze the impacts and sensitivities to create an optimal plan, taking into account the following:
- Organizational strategy, and asset management policy, objectives and constraints
- Asset condition
- Asset risks that the organization is facing (environmental, safety, reliability, etc...)
- Expenditures that will be required across the asset lifecycle (capital, operating and maintenance, and general and administrative expenses)
- Financial and non-financial parameters and metrics (NPV, Benefit-to-Cost, etc...)
- Resources Constraints (people, equipment, materials, long lead items)
- Key Performance Indicators: supply generation capacity, etc...
Once a portfolio is prepared and vetted, C55 manages the approval workflow through the various stages, and once the asset investment plan is approved for execution it tracks the actual performance against the plan, and manages the changes that inevitably occur. Accountability and governance increase with the visibility, reconciliation to actual results and audit ability of all planning data and decisions.
C55 focuses on achieving the objectives of the corporation by taking a life cycle approach to optimize your results incorporating cost, risk and performance in an ever changing environment of realities and constraints imposed by both internal and external forces. The result is a living plan that is constantly adjusting to the realities you face.
Read more about how CopperLeaf C55 implements AIPM here.
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