Cost and Schedule Impacts of Information Management
Publication No
RS125-1
Type
Research & Development Product
Publication Date
Jun 01, 1998
Pages
22
Research Team
RT-125
DOCUMENT DETAILS
Abstract
Key Findings
Filters & Tags
Abstract
Key Findings
Aggressive information management strategies may yield as much as a 10% improvement for design activities in total elapsed time in reference to executing the EPC process. (RS125-1, p. 11)
Aggressive information management strategies may yield a reduction of 2-3% in overall design labor costs. (RS125-1, p. 11)
Aggressive information management strategies for material management activities may yield as much a 3% reduction in elapsed time and a 7% reduction in execution costs. (RS125-1, p. 11)
Implementing information management strategies in the design and material management activities may result in a reduction of as much as 14% in elapsed time and 8% in execution costs. (RS125-1, p. 11)
By using an activity-based costing approach and computer simulations new methodology can be pre-tested without incurring the coast and disruption that would happen if physically implementing the work process change. (RS125-1, p. 13)
To maximize the benefits of information management, a comprehensive process oriented approach must be utilized. When using information technologies it is critically important to ensure that is best for one area of responsibility is not detrimental to others. (RS125-1, p. 13)
Filters & Tags
Knowledge Area
Project Phase
Project Function
Industry Group
Research Topic
Information Management Impacts
Keywords
Information Management,
Work Process,
BPM (Business Process Management),
Optimization,
Information Management Strategy,
Document Management,
Data Management,
ABC-Sim,
Workflow,
Information Transfer,
Value Stream Mapping,
Change Simulation,
rt125
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