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Getting Value out of Your Maximo Implementation


IBM Maximo has consistently been rated as the market leader in Asset Management solutions. So why do so many organisation feel that they are not getting the maximum value out of their system? In our experience the answer to this question comes down to five key factors:





Aligning Technology with the Asset Management Strategy

Often when implementing Maximo few organisations take into consideration their strategic asset management objectives. This results in ineffective capital and asset life-cycle planning. By realigning Maximo with the business objectives of the organisation silos begin to breakdown as teams begin to work towards common goals.


Organisational Agility Through Information Management

Once the strategic asset management objectives are clearly mapped into Maximo, organisations can start developing an information management model. This encompasses defining the

underlying data that is required in order to produce the reports and KPIs that will ultimately enable staff to make real-time, informed decisions about their assets.


Best Practice Business Processes

A common practice when implementing Maximo, is to map the current business process into the new system. The problem with this approach, is if the business processes you are currently using

are inefficient you are simply automating an inefficient process. Inevitably this results in excessive customisations which cause enormous headaches when upgrading or integrating with other

systems.


An Outstanding User Experience

No matter how good a system might be, it is only useful if the users use it. Often and especially in large implementations, not enough attention is paid upfront to change management. This includes getting buy in from the different user groups and providing appropriate training options for both current and any future users that come on-board.


A Flexible, Cost-Effective Licence Model

The Maximo’s licencing model can be complex and difficult to determine the most appropriate licence structure that will drive cost savings while improving deployment flexibility. Few

organisations have successfully negotiated licence arrangements that leverage their annual support and subscription fees in order to maximise value and flexibility while removing the risk of non compliance.


With over 20 years’ experience working with Maximo, our specialist consultants have helped many organisations improve the way they are using Maximo through a structured review process.



Deliverables of the Maximo Value Realisation Assessment.




Millennium Insights Maximo Review:




Step 1

Strategic Asset Management Review (3 Days)

Asset Management Overview (Operations/Finance)

  • Review Asset Management Plan, Policies and Procedures

  • Review Capital Planning Process

  • Review Asset Management Policy and Growth Plans

Financial Asset Management Overview (Finance Manager)

  • Financial Asset Accounting Objectives and Procedures

  • Conduct Gap Analysis and Make Recommendations


Step 2

The Information Management Review

(7 Days)

Data and Analytics Review (Systems Admin/Maximo Owner)

  • Review of Underlying Data (Hierarchy, Attributes and

  • Classification)

  • Review of Current Reporting Tools

  • Review of Top 10 Critical Reports

  • Review of Start Centres and KPIs for 10 Roles

  • Conduct Gap Analysis and Make Recommendations


Step 3

The Business Process Review (20 Days)

Functional Review (Operations/Maintenance)

  • Identify Roles and Responsibilities

  • Map Work Management Core Business Processes

  • Map Procurement and Inventory Management Core Business Processes

  • Identify Opportunities for Automation

  • Conduct Gap Analysis and Make Recommendations


Technical Review (Systems Admin/IT)

  • Review Current Architecture

  • Review Existing Customisations

  • Review Current Integrations

  • Review Capacity Planning and Fail-Over Capabilities

  • Conduct Gap Analysis and Make Recommendations


Step 4

The User Experience Review (5 Days)

Change Management and User Experience

  • Review Base Knowledge of Top 10 User Groups

  • Score User Experience Across Top 10 User Groups

  • Make Recommendations for UX Enhancements

  • Develop Training Plan to Meet Desired Outcomes


Step 5

The Licence Review (5 Days)

Explore Licence Options (IBM)

  • Understand Current and Future Licence Usage

  • Review Licence Management Practices

  • Explore Business as Usual Model and Costing

  • Put Forward Licence Options



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