Practical experience across asset management, investment, strategy and risk — supporting organisations to improve decisions, coordinate activity and realise value from their assets.
Examples of engagements involving asset management, investment decisions, operational performance and organisational risk.
As part of the transport and Logistics Investment portfolio of ADQ, an enterprise risk review, aligned to ISO 55001, was conducted across the organisation. The review also entailed a pragmatic operational risk assessment that assessed alignment between the strategic, commercial, technical and leadership elements of the organisation.
Following overruns in the development of the international airport, a review was undertaken to understand the operational and strategic risk to the facility as it was nearing operational startup. The assessment was carried out in alignment with ISO 55001 and identified opportunities for improvement in stakeholder communications and alignment. Furthermore, risks associated with the age and commissioning of facility assets were identified and highlighted for future consideration.
With key strategic assets still under development, an assessment was carried out on organisational risk and the readiness of these assets to deliver against the commercial expectations of the organisation. Opportunities were identified in relation to strategic commercial and technical alignment and opportunities to improve asset reliability and operational productivity through Senior Leadership engagement and skills and competencies development across Maintenance, Reliability, safety and asset management training and coaching.
The risk office of a national sovereign wealth fund was looking to understand risk associated with a portfolio of infrastructure assets and the impact on expected financial returns. A hybrid assessment aligned to global standards and operational best practice was utilised to illustrate underlying risk in relation to the coordination and alignment of strategic intent, leadership execution and operational outcomes.
A prominent University was seeking improvement of Asset Management practices and alignment with ISO 55001. An assessment was undertaken and roadmap developed leading to the development of an Asset Management Policy, Strategic Asset Management Plan and Asset Class Plans developed for lifecycle maintenance and investment plans for each asset class. Guidance for the implementation of the plans was also delivered in conjunction with their development.
An Australian agricultural business was highly reactive in the approach to maintenance and operations management. At a time of high yield and profitability, investment was not an issue; however, ongoing stability and margin protection were important. The business took the step to undertake a benchmark audit to understand areas of opportunity to coordinate practices, seek continuous improvement and improve reliability. From the audit an ongoing improvement roadmap was developed and delivered with coaching and further development.
A primary public transport provider was challenged with getting the organisation to take a long-term balanced view of investment in assets and Asset Management. This had resulted in a significant backlog of critical asset investment. Stakeholders were engaged to understand the commercial risk associated with the asset investment backlog. A business case was developed demonstrating the justification and returns associated with an investment in assets and Asset Management which was utilised to achieve Executive and organisational buy in.
A large hospital was seeking Executive support and pursuing improved practices by aligning with the international Asset Management Standard. An ISO 55001 assessment was carried out and a roadmap developed. Buy in remained a challenge as Asset Management was not understood as a concept. The focus shifted to understanding commercial risk associated with budget constraints on asset funding to improve risk transparency and improve decision making in respect to the allocation of resources.
Large gas and water utilities were seeking the development of Asset Management strategies to improve maturity and associated practices. Working from within the organisations, assessments were carried out to understand underlying strategic needs and issues impacting coordination and team alignment. Work was also undertaken to quantify the commercial residual risk associated with capital funding constraints and asset investment leading to a 20% increase in asset investment allocation.
Organisations across infrastructure, utilities, transport, healthcare, manufacturing and investment.
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