What does the TRIRIGA acquisition mean to Maximo clients?
Mary Gorczynski 1100006B54 email@example.com | | Tags:  ibmsmarterbuildings real-estate tivoli facilities ibmontwitter maximo service-management facilities-management tririga software ibmsoftware eam asset-management
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Today's blog entry comes from Ron Lanzo.
IBM recently announced the closure of the acquisition of TRIRIGA, and I am ecstatic! I think this has tremendous value for IBM Maximo Asset Management clients, even those not focused on Facilities Management. The April 14th press release highlighted three areas where TRIRIGA solutions were going to strengthen IBM smarter building solutions: Real Estate Portfolio Management, including strategic portfolio planning and lease management; Capital Project Management, such as condition assessment, budgeting, construction estimating and project management; and Energy and Environmental Sustainability, such as monitoring utility costs and consumption, analyzing environmental investments and setting carbon management strategies.
Take a closer look at the April 14th press release and focus on then description just after the ‘Capital Project Management’ bullet. Now replace the words building and facility with the more generic term ‘asset’.
There’s hardly an industry out there to which that sentence doesn’t apply! So now I’m intrigued. A review of publicly available information shows that the TRIRIGA Capital Project Management capability is composed of several underlying capabilities. Take these four…
So if you’re a Maximo client, and you have a need to manage significant capital projects, how do you do that today? For the essential Project Management portion, I’ve seen several approaches. The most common of these is to clone Work Order Tracking to create a Project Tracking application. This works well for managing work task execution, especially when paired with MS Project or Primavera. There have been some significant custom solutions built on this framework to include tracking construction contractors, bids, change orders, milestone payments etc. Since the release of Maximo v6, the Cost Management application has become a popular starting point for Project applications. This approach works better for a higher-level, budget driven project application. When project cost projections and budget impacts are of primary concern this approach works well, but disconnects the project from the rich set of functions available to the work order. For anything else it’s typically required third party products and tools.
Can you see why this is so exciting? If you have these requirements today, there’s a solution. It’s not uncommon for clients (the Pentagon, Sandia National Labs, etc.) to use both Maximo and TRIRIGA, each for what they do best. And based on the available information, the plan is for IBM, over several years, to deliver a solution to market that combines these two capabilities into a single platform. My last blog went on a bit about future possibilities for Asset Management, but since this acquisition the future is closer than I thought.