IMPROVING PRACTICES, LEADING PERFORMANCE To secure any companies’ future, it is essential to be a leading performer and be ranked in the top quartile of all companies in their industry. Leading performance in safety, production, costs and risk management are all essential. Delivering sustained leading performance requires all stakeholders and individuals involved in asset management …
DELIVERING ACCELERATED IMPROVEMENTS IN ASSET MANAGEMENT PRACTICES Delivering improvements rapidly and ensuring that they stick requires both the right technical solutions as well as the acceptance of those solutions by all stakeholders and individuals that end up using the solutions. The six-phased approach shown here has been applied successfully to deliver sustained improvements in asset …
INSIGHT 02 – HOW ASSET MANAGEMENT CAN BE IMPLEMENTED Read More »
DEVELOPING AND COMMUNICATING THE ASSET MANAGEMENT FRAMEWORK This is Phase 1 of 6 focused on raising awareness of asset management through the development of a fit-for-purpose Asset Management Framework including supporting Manuals and Guidelines. Asset Management is not a well understood field with its own widely agreed language. To fill this gap, most companies will …
INSIGHT 03 – RAISING AWARENESS OF ASSET MANAGEMENT Read More »
VALUE AND SUSTAINABILITY This is Phase 2 of 6 focused on creating desire to change based on potential improvements in asset performance, practices and competencies. Companies exist to make a profit for its Shareholders and to increase its net present value. Value in this context, is based on analysing historical asset performance and cost data …
A 3 TO 5 YEAR JOURNEY TO EXCELLENCE This is Phase 4 of 6 focused on planning and developing a roadmap including budgets and resource plans to transform the Asset Management Framework into actions. The roadmap and the supporting project execution plan creates the detail to enable approval by management and acceptance by stakeholders. Each …
INSIGHT 06 – PLANNING AND DEVELOPING THE ROADMAP TO ASSET MANAGEMENT EXCELLENCE Read More »
COMMUNICATION AND CHANGE MANAGEMENT This is Phase 3 of 6 focused on building shared commitment towards asset management excellence in all stakeholders through eye-catching and compelling communications along with change management tools. Building shared commitment is the glue that keeps everything together. Without it, any change initiative is doomed. At the start of this phase, …
INSIGHT 05 – BUILDING SHARED COMMITMENT TOWARDS ASSET MANAGEMENT EXCELLENCE Read More »
INTEGRATING PEOPLE, PROCESSES AND ASSETS This is Phase 5 of 6 focused on implementing and embedding the Asset Management Framework, developing engaged, competent, motivated people, implementing effective business processes and systems, and delivering safe, reliable and cost-effective assets. This is by far the largest, most resource intensive phase. You always need to start with people, …
INSIGHT 07 – IMPLEMENTING AND EMBEDDING THE ASSET MANAGEMENT FRAMEWORK Read More »
Create value and a sustainable future. Implementing an Asset Management Framework contributes to creating value and a sustainable future balancing profit with planet and people. When we ask people from operations, most of them will say that Asset Management exists to increase profit. Increasing profit including a strong balance sheet is a pre-requisite for a …
INSIGHT 09 – ASSET MANAGEMENT FRAMEWORK – THE WHY Read More »
BUILDING ASSET MANAGEMENT INTO THE ANNUAL BUSINESS CYCLE This is Phase 6 of 6 focused on sustaining and improving on the gains made by building Asset Management into the Annual Business Planning Cycle. Sustaining momentum and building a culture of continuous improvement is critical for ongoing success. It is critical to defend against the “do-over”. …
INSIGHT O8 – SUSTAINING AND IMPROVING THE ASSET MANAGEMENT FRAMEWORK Read More »
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