The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
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...
How does a small New Zealand energy company drive mutual benefits from outsourced energy partnerships with a diverse mix of industry partners and customised asset base? Pioneer Generation Limited (Pioneer) is a New Zealand based, community trust owned, generation company that has assets with a replacement value of $500m. A number of these are deeply embedded within, and are integral to, our Partners'...
The paper presents the process and findings of Bield Housing and Care's new strategic approach to asset performance management in its 152 sheltered housing and care housing developments. Bield Housing and Care (Bield) commissioned Docherty Consulting Ltd (DCL) to work with them to develop and implement a strategic asset performance evaluation process in order to evaluate the performance of their built...
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...
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...
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.
The main Author has over 17 years of railway operations and consulting experience in East Asia. He observed that the railway operators in the region share high degree of similarities due to demographic issue. Some metro operators outperform worldwide operators in spite of their relatively young age. In contrast to their recognized service performance, some may find that asset management is a new concept...
This paper will discuss the impact CBM methodology has contributed to in terms of Tenaga Nasional Berhad (Malaysia) Distribution Division asset reliability performance. It will also look into how this methodology has allowed for decision makers to revaluate maintenance strategy based on asset knowledge collected over the years. There is also a discussion on how asset information collected during CBM...
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...
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...
This paper describes the main challenges faced by asset intensive industries on achieving the operational goals related to reliability and maintainability, as well as how to overcome them using a simple yet powerful systematic approach within the framework of the right asset management strategy. In addition, this paper describes several examples of typical outcomes expected when Reliability Programs...
Denver International Airport (DEN) opened on Feb 28, 1995, and remains the newest large international hub airport in the United States nearly twenty years later. As DEN now moves from its teens to its twenties, it will begin to face similar increased maintenance demands and resource allocation decisions as its more mature peers. To more effectively manage this transition to long-term capital planning,...
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...
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...
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...
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...
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...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.