Trinity Press Release
for immediate release
Trinity Technologies Announces New Information Enabled Project Planning Services
Owners/Operators Improve Project Selection and Execution
Wellesley, MA — August 31, 2000 — Trinity Technologies Corporation announced today the launch of a new Information Enabled Project Planning (IEPP) offering, a part of its Information Asset® Lifecycle Services. IEPP helps owners/operators leverage information assets and technologies strategically to pinpoint the most profitable project portfolio, improving business decisions and ensuring optimal bottomline return on projects. In addition to project selection, IEPP promotes a Best Practices information infrastructure capable of continuously improving project planning and execution.
IEPP advances beyond traditional Front-End Loading (FEL) to enable cross-functional communications and multi-functional assessment of project returns and risks. Front-End Loading is the business process that draws together a company’s financial resources, facilities, experts, technical specialists and other organizations to assess, fund and execute a capital project.
“The Front-End Loading work process is playing a major role in improving team effectiveness and communications when planning capital projects,” says Michelle Bonam, FEL Program Manager of the Chemical’s Product Supply Team at Air Products and Chemicals, Inc., a Trinity Technologies client. “FEL augments our ability to identify those capital projects that will yield the best return as well as those we should cease pursuing–early in the development effort.”
Information enablement, through approaches like Trinity’s IEPP, is the future of FEL, with potential to redefine the way people currently do their jobs. IEPP empowers the rapid sharing, integration and distribution of information across work groups, thereby breaking down the functional silos and creating a higher level of efficiency. For example, process engineers will be able to view the integrated cost model while they are generating process changes to determine if the net impact is driving project costs in an undesirable area. Cost engineers will be freed from data entry work and will focus instead on the management and evolution of the model source files and rules.
Trinity’s IEPP services approach implementation in 5 phases: 1) Benchmarking, 2) Opportunity Analysis, 3) Change Motivation, 4) Adaptation and Implementation and 5) Measurement and Renewal. For details on Trinity’s IEPP work process services, see IEPP Services.
Trinity Technologies partners with leading technology providers to empower Best Practices. In an affiliation with ICARUS, Trinity supports ICARUS Kbase, a knowledge-based tool that pairs with Trinity’s IEPP work processes. Kbase provides cost, schedule and historical data in a configurable context accompanied by detailed scope information early in the project cycle. Interested parties can visit www.icarus-us.com to learn more about ICARUS Kbase.
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