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Society is increasingly dependent on the safe and secure operation of a wide range of complex physical-cyber systems. The consequences of failure of these systems can be very serious, particularly where they form part of a nation's critical national infrastructure. There has been a trend to make greater use of commercial-off-the-shelf technology in the design of these systems, which exposes them to...
At United Utilities (UU), there is a plan to improve the service delivered to customers, whilst reducing customers' bills. The Operational Technology Asset Planning (OTAP) approach, providing a holistic overview to the condition of assets, is central to delivering this ambition. The Remote Monitoring and Control (RMC) of large wastewater treatment works (WwTW) initiative is a key segment of the OTAP...
In recent times, the performance of Sub-Saharan African (SSA) urban water utilities compared to other countries in the world with regards to urban water supply service delivery has been dissatisfactory. This has greatly impaired their ability to meet the millennium development goal (MDG), of reducing its population without access to water and sanitation to 50% by the year 2015 [16] . Most urban utilities...
Asset Managers who manage assets with long lives have developed sophisticated tools to establish asset risk and decision criteria for repair or replacement. However when a new disruptive technology appears which offers better performance but has not been proven over long (asset life) time periods the tools available are limited and decision-making remains problematical. This paper will use the experience...
This paper presents the results of a preliminary examination of the state of education programs in asset management in universities in North America, Europe and Australia. In particular, we compare and contrast various programs at graduate levels that are focussed on areas related to asset management against the 39 subjects listed by the IAM Anatomy and the IAM Competences Framework and present recommendations...
Pipeline (Asset) Integrity management is now a major focus for most pipeline operators and asset holders. The reason for this renewed interest may be attributed to a couple of factors, which include new legislation, technical advancements, strict penalties for accidental release and ageing of vast networks of pipelines across the world. Integrity management is now mandatory for all asset holders....
This paper presents a decision support model for evaluating the economic and environmental performance of alternative maintenance strategies for maximising the service life of old railway infrastructure assets. It combines both economic and environmental criteria to assist asset managers in identifying the optimum maintenance option out of several possible alternatives. The paper elaborates the model...
Through example, this paper discusses how a clear “Line of Sight” has been established throughout an asset management process for overhead line steel towers. Several condition assessment methods are presented, each with an emphasis on collecting consistent, accurate condition information suitable to gain maximum benefit from Condition Based Risk Management, itself a process which allows companies...
Across asset-intensive sectors, Senior Leadership Teams knew what was expected of them - strong growth in Revenue and EBITDA - and the rewards are; premium EBITDA multiples and superior Investor Returns. But times are changing, markets are maturing and the established success mechanisms seem to break down. What drives EBITDA multiples and how that changes as an industry evolves has become a question...
Effective management of assets is an imperative for any business seeking to optimise shareholder value across the asset's lifecycle. However, failure to adequately maintain assets and failure to optimise the benefits accruing from good asset management leads to assets entering a distressed and potentially unsafe state. With assets nearing the end of their operating life, reduced investment in operating...
In common with most infrastructure organisations, London Underground is under significant pressure to improve the efficiency and effectiveness of its operations and to deliver more for less. Asset management has a major role to play in achieving this. London Underground has been monitoring the unit costs of asset maintenance for almost 10 years. This has provided a rich data set that has enabled asset...
Asset management (AM) discussions frequently come around to how to prepare compelling investment cases to Top Management in a language that they understand. The objective of this paper is to propose a way in which the AM concept itself may be made more compelling to Top Management and Leadership. The paper argues that a macro representation of asset management in a general organizational context may...
Beneath the network of roads and pavements is a network of pipes and cables delivering utility services to properties and servicing the road network itself. Whilst some buried asset locations are recorded assiduously on the latest geographical information systems, some asset owners are still working off scanned record drawings which are decades old and the accuracy is variable. Maintaining these assets...
In any optimized asset management system, risk management is considered to be one of the core elements. International asset management standards like PAS 55, ISO 55000 has integrated risk management with the asset management process throughout the life cycle of assets. Risk based asset management guides the organization to perform the trade-off on both cost and risk, and enables a structured decision-making...
Brunel is regarded as a “polymath” in terms of his wide range of skills and vision. The publication of the ISO 55000 standard for Asset Management defines a wide range of skill and competencies for future AM practitioners. This presents challenges to both individuals, institutions and education establishment. Today's asset managers must follow in the footsteps - or stand on the shoulders - of yesterday's...
This paper describes how Thames Water (TW) delivered an improvement in its asset management capability over the period 2011 to 2014 as part of a wider programme to deliver better value to both customers and shareholders through the AMP6 period. These improvements were quantified and tracked using an external adviser, and an internal capability improvement manager. The project was initiated by TW following...
International standards are now available for organisations that are wishing to implement a systematic approach to asset management. These standards include ISO 55001 (“Asset management -Management systems - Requirements”) and ISO 55002 (“Asset management -Management systems -Guidelines for the application of ISO 55001”). One section of ISO 55001 identifies the important role of information requirements...
As a significant catchment land owner in the North West, United Utilities undertook their Sustainable Catchment Management Programme, looking beyond the physical assets with a more holistic view on the raw water requiring treatment. The objectives of this programme was to improve the management of catchment land, which subsequently improved the quality of raw water in the catchment, thereby minimising...
As corporate members of the Institute of Asset Management, Carillion recognised a number of key deliverables that would aid progression towards successful ISO55000 Accreditation. Forming a number of business objectives, from overall business strategy to full accreditation the programme in simplistic terms, ensures good working practices as basic fundamentals behind ISO5500 are implemented.
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