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Asset Management Workshop 2017

Cliftons Auckland

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Directors, Managers and Specialists responsible for:
• Asset Management
• Facilities Management
• Capital Works
• Finance
• Planning
• Infrastructure
• Maintenance / Engineering
• Plant / Networks



07 March 2017


08:30 - 16:30


Masterclass

Module One: Implementing asset management plans

Aligning Strategic asset management plans with physical asset objectives is a critical success factor in driving organisations,
and improving management of the Asset class of resource. Gaining leadership support and aligning organisational culture
is vital to the successful implementation of any asset management plan.

Support is more than a financial commitment; it includes getting the adherence to change existing business processes, enablement resources, operating models and even job structures. Plans need to remain operationally effective and adaptable to changing situations, requiring careful life cycle
planning and modelling.

Key focuses:
• Alignment of the asset management plan to organisational objectives
• Assuring assets can and will deliver what is required of them
• Understanding the enduring role of a leader within your organisation
• Identification of key life-cycle management plans to maximise asset potential

The business case for ISO5500X series of standards
• Identifying the goals of the business, and the context within which they operate
• Meeting the diverse demands of your stakeholders: Identification and delivery
• Understanding the founding principles, key concepts and terminology

A leadership perspective: Setting the direction
• Strategically aligning asset management objectives to your asset management plans and maximising system efficiency
• Staying in control: Creating a governance framework to ensure long-term value of your assets
• Using effective resource management to establish organisational structure and the job roles within it
• Increasing efficiency by aligning your organisation with the operating model.

Implementing the asset management plan within your organisation
• Project determination and prioritisation.
• A look at the requirements of the key enablers to the improvement program
• Leadership, consultation, communication, competency development and Information management

Operational and life-cycle asset management planning
• Implementing a capability delivery model to optimise organisational processes
• Optimal life cycle management of physical assets in order to meet their intended objectives
• Thorough life-cycle management: Integrated logistic support planning from beginning to end
Paul Hansen - Senior Consultant
Terotek


08 March 2017


08:30 - 16:30


Masterclass

Module Two: Asset information management

Assets generate enormous volumes of information over their lifetime and it is up to the organisation to manage, record and use this data properly in order to increase major step-changes in efficiency. Managing risk, prioritising investment and maintaining reliable and comprehensive data is an imperative part to an asset managers day-day responsibility. However, if information in the system is not maintained reports which are generated will be misleading, resulting in inaccurate analysis of data, and flawed decisions.

Understanding future trends and advancements in technology is a key component to choosing the correct information management system suitable to your organisation. Dependent on size, many enterprises will have different business needs in terms of their asset information management. Taking an innovative approach to supplier selection, this masterclass will deliver an illustrative review of the types of software application that are available on the market today and their ease and cost of implementation.

Aligning asset information management with organisational objectives
• Maximising your asset information system - Strategies to successfully add value to your organisation
• Implementing your asset information strategy - Enabling cultural change at the highest level
• Risk assessment: Organisational need against organisational gain

The role of asset information in the management of assets
• Planning for the long term using whole life-cycle management strategies
• Increase value for money - Steps that can influence your Return on Investment
• Prolonging asset life - Creating efficient and focused operations and maintenance plans

Extracting value from your existing system: Maximising your asset information management
• Quantifying the value of an asset management system to demonstrate Return on Investment
• Address the beneficial gain of centralising information to align projects and long-term goals with the organisation’s business
strategy
• Complex review of systems available to establish applicability to your organisation
• Discuss future trends reshaping asset information management
• Acquiring conviction of investment to achieve senior leadership buy-in

Quantity over quality: Too much information?
• Analysing report data to improve asset maintenance schedules
• Centralising information - Condensing data through implementation process
• Live updating of conditions: Keeping information relevant
Paul Hansen - Senior Consultant
Terotek


09 March 2017


08:30 - 16:30


Masterclass

Module Three: Financial Management Tools for Improved Asset Management

Effective asset management strategies require that both physical and non-physical assets are holistically managed and operated. The objective is to provide an efficient and effective active service so as to meet the assets service delivery requirements at the lowest long-run cost. Applying advanced financial management tools to effectively manage the life cycle cost of owning, managing, operating and maintaining assets is now a requirement in many organisations. Peak performing asset managers require strong financial acumen that integrates the traditional principles of asset management with robust financial management tools and techniques.

The various asset life cycle phases are supported by numerous planning philosophies and business support systems including asset information management systems, asset management plans, and management systems as well as integrated
performance management frameworks. They all support good asset investment decisions. Effective management of life-cycle asset costs is the joint responsibility of the finance professional and the asset manager of the organisation. This interactive module will take participants through the entire asset and business planning framework and also provide an understanding of intelligent asset monitoring to optimise financial return.

The finance and asset management relationship: balancing financial and asset outcomes
• Understand the relationship between asset management and financial objectives
• How to relate service strategies to asset capabilities
• Finance strategies: Factoring maintenance costs into your life-cycle costing
• Key strategies to help minimise risk and maximise return on investment

Linking asset management to organisational business planning and finance objectives
• Certifying the position asset management plays in the role of an organisation’s strategic planning framework
• Aligning financially informed asset management plans with ultimate organisational objectives
• Establishing stakeholder requirements and servicing strategies
• Develop a gap analysis to evaluate asset capability that will deliver service outcomes

Identifying and understanding the underlying cost base
• Analysing financial data to identify types of costs
• Capturing operational data that will assist with understanding costs
• Establishing a direct operating expenditure (DOE) base line
• Evaluating the financial performance of the assets

Applying Activity Based Costing (ABC) and Activity Based Management (ABM) Principles to Asset Management
• Identifying and costing the risks in asset management strategies
• Prioritisation of discretionary organisational costs to ensure tasks are completed in a specific time frame
• The role of technology in financial analysis and asset management decision making

Risk cost performance: Managing your investment to maximise financial return
• Evaluating options based on sound financial bases
• Application of traditional financial evaluation techniques
• Intelligent investment - Making the right decisions with available resources
• Tools and techniques to support asset investment decision making
 
Jaimie Cable - Team Leader – Infrastructure Asset Management
Opus International Consultants
Paul Hansen
Senior Consultant
Terotek
Jaimie Cable
Team Leader – Infrastructure Asset Management
Opus International Consultants
Cliftons Auckland
http://www.cliftons.com/nz/auckland‎
Phone: +64 9-374 0999
Level 4, 45 Queen Street
Auckland, Auckland
New Zealand
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