Digital Twin Concept in Managing Industrial Capital Construction Projects Life Cycle

The article contemplates the concept of operating asset’s digital twin, being a comprehensive virtual copy of the physical operating facility throughout its complete lifecycle – starting from idea and up to decommissioning and project closure. The opportunities of the aforesaid concept are brought forward as insuring improved project management at execution and operating points. The analysis provides intuitive explanation of digital twin core idea as well as defines the indispensable prerequisites for its deployment, including Internet of Things and capacity for processing Big Data.