December 2004

Special Report: Plant Design and Engineering

Determining the true economic value of improved plant information

A new method is proposed for estimating benefits of the technology

White, D. C., Emerson Process Management

?The system will provide us with better information for better decision-making.? ?The investment will increase our flexibility in operations, permitting us to better react to market opportunities.? ?With integrated information across the enterprise, we will be better able to utilize our resources.? ?This enabling technology is a strategic investment that transcends normal justification.? The above statements may be familiar to those who have reviewed the proposed justification for new investments in process plant information technology. While these assertions may be correct, they are insufficient to serve as a basis for significant fi

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