AVEVA-roi-calculator.md

Inputs

Real Numbers

• Asset Replacement Value (ARV)
• Production dollar value per hour
• Total yearly maintenance costs for that facility/cluster/network
• Value of spare parts

Percentages

• Safety performance
• Compliance govt regulations
• Digital maturity (Opportunity for digital maturity improvement = 100 - Digital maturity)
• Overall condition

Outputs

Asset performance

Formula

1% X ([Industry] X [Opportunity for digital maturity improvement] X [Overall offset - Region] X [Overall condition] X [Safety performance percentage] X [Compliance govt regulations percentage])

Questions

1. Can you please describe the components which are bold in the above formula?

Cost control

Formula

1% X ([Total yearly maintenance costs for that facility/cluster/network input] X [Opportunity for digital maturity improvement] X [Overall offset - region] X [Overall condition] X [Safety performance percentage] X [Compliance govt regulations percentage])

Questions

1. Can you please describe the components which are bold in the above formula?
2. Why is the slider on the results page 0-10 vs 0-100?

Safety & Compliance

Calculation

The average percentage between the “Safety” and “Compliance” slider percentage

Updates

1. This formula has been revised and should be represented as a percentage.

Resource management

Formula

1% X ([Opportunity for digital maturity improvement] X [Value of spare parts input] x 0.25)

Value asset condition

Calculation

Percentage derived from overall condition slider percentage.

• Aged 75%
• Moderate 80%
• Modern 95%

Maintenance and Operations

Calculation

Percentage derived from digital maturity percentage.

• Needs improvement 25%
• Moderate 60%
• High 80%