Version 18 (modified by ianglendinning, 14 years ago)

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JORD (Joint Operational Reference Data) Project

Phase F (Front End) Completion Report and Current Status

November 16th, 2010

Phase F completed in Summer 2010 and both the JORD Project Business Definition and the JORD Sponsorship Prospectus have been issued to the JORD Steering Group, and the boards of both PCA and FIATECH.

The project is currently in an interim phase awaiting agreement to funding of Phase 1 with a projected start date early in 2011. If you have an interest in the project deliverables or are interested in being a project sponsor, please request copies of the project definition and/or sponsorship prospectus.

Contacts :

  • Ian Glendinning JORD Project Manager (ian [at] glencois [dot] com );
  • Nils Sandsmark PCA General Manager ( nils [dot] sandsmark [at] posccaesar [dot] org );
  • Ray Topping FIATECH Director ( raytopping [at] comcast [dot] net ).

Phase F (Front-End) - Update / Mid-Term Report

June 9th, 2010

Purpose

This report is created some weeks before the conclusion of Phase-F in order to appraise PCA & FIATECH members and other interested parties on progress and on expectations for project deliverables and future phases.

(The agreed high-level plan and earlier public announcement are applicable.)

Status & Deliverables

JORD project Phase F is well advanced, currently expected to complete in July 2010.

(High-level planning during 2009 originally intended that Phase F would be executed during 1Q10, but agreement to proceed was not achieved until 1st March 2010.)

Deliverables are detailed scopes, specifications and plans for Phases 1 & 2 and ongoing operation, and the transition to a sustainable, scalable future operation.

Also recognized at the outset was the importance of business-model considerations, and much of the effort in Phase F focused on the long term core business operational requirements. Essentially, when asking prospective members and participants to sponsor the remaining development project and subscribe to the ongoing operation, the key questions are:

“Before I commit to sponsor or subscribe, how is this going to be reliable, sustainable and scalable in support of my own business needs and investments in the long term?”

"If I do sponsor the establishment of the enhanced operation, what specifically do I get for my investment that is different from any future subscriber to the service?"

There are therefore two supporting deliverables in Phase F:

  • The Business-Model - describing the sustained organization, resources and funding, as well as governance aspects. This necessarily includes forecast costs and market sensitivity aspects.
  • The Prospectus - an invitation to participate, through funding (project sponsorship, operational subscriptions and other fees), through resources or as a supplier of tools and services. This prospectus will describe specifically what is being proposed and will address other possibilities and considerations through FAQ’s.

Ends

PCA & FIATECH Announce JORD - Joint Operational Reference Data

AUSTIN, TX and OSLO, Norway, February 24th, 2010

POSC Caesar Association (PCA) and FIATECH have agreed on a single “Joint Operational Reference Data” project plan to create in 2010 a stable, scalable and commercially-viable operation of the ISO15926 reference data system and associated services.

Boards of both member organizations have already agreed funding for the front-end phase to start in March, with a governance board and project manager already in place.

A key deliverable of this phase is the business model for the remainder of the investment project and the sustainable longer term operation, providing industry with free access to reference data in perpetuity. Existing and new members will be able to provide further investment in the implementation phases in the remainder of 2010.

“So much of what ISO15926 promises is already proven, and what industry now demands is a flexible, scalable and sustainable reference data operation on which business interoperability can depend. This joint FIATECH and PCA project will deliver that operation,” explains Ric Jackson, Director, FIATECH.

Nils Sandsmark, General Manager, PCA adds “the existing PCA reference data system and services have been developed over many years and were declared operational in 2009. PCA welcomes this opportunity to work with FIATECH to extend the global reach and scope of the joint reference data operation.”

“Come and see for yourself and share your expectations with us in ISO15926 workshops at the upcoming conferences,” adds Ian Glendinning, Joint Project Manager.

For more information contact Ian Glendinning ([email protected])

ISO15926 – provides unambiguous shared reference data that enables interoperability across disparate business and technical systems throughout the whole energy and capital facilities industries life cycles. Reference data comprises content as a Reference Data Library (RDL) that is an extensible Work-in-Progress (WIP), enabled and supported by Reference Data Services (RDS). That reference data ranges from basic dictionary terms to sophisticated information usage patterns supporting the most advanced semantic web uses as well as simple file exchanges.

POSC Caesar Association - PCA started as a Norwegian R&D project in 1993 to develop open standards for information integration and interoperability and became the international PCA members association in 1997. Having created ISO15926, it continues to support its development and use, and currently operates the PCA Reference Data Service. See www.posccaesar.org <http://www.posccaesar.org/>

FIATECH - is an industry consortium that provides global leadership in identifying and accelerating the development, demonstration and deployment of fully integrated and automated technologies to deliver the highest business value throughout the life cycle of all types of capital projects. See www.fiatech.org <http://www.fiatech.org/>

Ends

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