Asset-intensive organizations face challenges in knowing the ideal time and method to invest across their aging infrastructure while maintaining satisfactory service performance and quality levels. Often, organizations, or departments within, need to provide long term plans for how allocated budget will be spent. Due to the number of investment options, it can be difficult to optimally determine what would provide the best value of money spent over a given time-frame. Many organizations use planning methods that rely on human assessment and the creation of complex formulas to evaluate the numerous available what/if scenarios to generate potential plans.
The integration of HxGN EAM and EcoSys will enable organizations to more robustly develop strategic plans, associate key inputs to the capital planning process, optimize available investment scenarios, and best determine when and how to take action at specific points in time.