Business value of integrated BIM-based asset management

Abstract

Purpose Currently, building information modelling (BIM) is largely seen as a 3D model, not as an information model or information management tool. This wrong perception of BIM and low interest in 3D asset management (AM) is one of the major reasons for the slow adoption by clients in the architectural, engineering and construction (AEC) industry. The purpose of this paper is to identify the techniques and strategies of streamlining AM systems for BIM-based integration, and how the information is captured from physical assets towards BIM-based integration for clients to derive value from BIM investments. Design/methodology/approach A qualitative case study strategy was used to study the strategic implementation process of integrating BIM with AM systems and the business value of BIM in AM by a large asset owner in the UK. Findings The paper identifies key strategies in the adoption of BIM-based processes by an asset owner, the implementation process, the challenges and the benefits attained. Several barriers were identified as the challenges of adopting BIM-based processes in AM: complexity and cost associated with BIM; irrelevance of 3D geometric data in AM processes; nature of asset ownership structure; managing the asset handover process; managing change within the organisation. Organisations will have to consider the following issues in streaming asset information with BIM: the development for a clear strategy prior to adoption; connecting the strategy to the business goals; and conducting the discovery exercise to identify organisational information needs. Originality/value The research addresses a significant gap in the development of techniques and strategies for asset owners to streamline BIM with AM systems and derive business value from such integration. The research context is a case study involving a large owner-operator in the UK that has been able to derive value from BIM systems in their AM processes. The key value of the paper is improving asset owners’ understanding of BIM in AM by demonstrating the implementation strategies, linkage to organisational objectives, challenges, value management process and business value of BIM in AM. Another contribution of the paper is improving the understanding of BIM, which is usually viewed as 3D models and that 3D geometric data do not have much value for AM tasks.

Improving the resilience of existing built assets to earthquake induced liquefaction disaster events

“…The LIQUEFACT project successfully combined the different theories into a holistic framework for assessing the potential impact of an EILD event on existing built assets and identifying potential mitigations to improve the resilience of the built assets. The longitudinal model underpinning the development the RAIF and BAM planning tool also addressed the problems identified by several authors (Alwan and Gledson 2015;Ebinger and Madritsch 2012;Munir et al 2019;Smyth et al 2017;Too and Too 2010) of linking built asset performance to BAM planning. By adopting an iterative research methodology the individual LIQUEFACT tools were developed, tested and refined as the project progressed which resulted in a holistic toolbox that supported a pro-active, rather than reactive, approach to BAM decision making to improve built asset resilience to disaster events.…”

An Analysis of Physical Asset Management Core Practices and Their Influence on Operational Performance

“…In light of the above discussion, there are theoretical arguments and support to link PAM, in particular, AM policy and strategy [21], life-cycle perspective [9], asset risk management [35,37,49], asset performance monitoring [50] and asset-related information management [13,51], to performance outcomes. Therefore, the PAM practices discussed above are crucial to the establishment of an efficient AMS, which can be an effective tool for organisations to improve both their operational performance and business efficiency.…”

Critical Assessment of the Existing Definitions of Bim Dimensions on the Example of Switzerlan

“…The trade association of Switzerland, economiesuisse, therefore called on politicians and the public in 2019 to adopt a holistic approach with all parties involved [54] to enable all participants to use BIM. Still, "there is a significant gap between the development of techniques [such as BIM] and strategies for asset owners to streamline BIM with AM [Asset Management] systems and derive business value from such integration" [55].…”