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COLOMBIAN ‘NEXT GEN’ RECOGNISED AT INTERNATIONAL LEVEL

COLOMBIAN ‘NEXT GEN’ RECOGNISED AT INTERNATIONAL LEVEL

Sergio Jaramillo, SALVO Thematic Leader, INTERCOLOMBIA Sergio Jaramillo of Colombian electrical utility, INTERCOLOMBIA, has been selected as runner up for the prestigious ‘Next Gen’ achievement award by the UK Institute of Asset Management (IAM).  In just three years, he has become an acknowledged expert, both leading and facilitating others to perform quantitative evaluations and optimize cost, risk, performance and life cycle value for critical equipment. With a large and aging asset base, INTERCOLOMBIA recognised that end of life management is key to future investment planning.  An evident fast-learner, Sergio was asked to explore how best to optimize the renewal and disposal stage of the company’s assets. He has since led the development of the corporate management strategy of this life cycle stage and now leads the implementation of this strategy. This is built upon the international good practice guidance and SALVO, which targets the most important and urgent issues, determines the underlying problem, identifies candidate solutions and uses leading-edge decision support tools to evaluate the optimal amount and timing for interventions. Sergio has linked this process with corporate processes for cost and risk management and determination of asset health, condition and economic remaining life. This has included handling of aging assets, obsolescence, safety concerns, preparation of business case/investment justifications, alignment with corporate objectives, compliance with various regulatory requirements, and environmental impact/sustainability factors. Learn more about Sergio’s Asset Management achievements and read the full press release» MORE INFORMATION Go to our Library for more case studies, white papers, books and more».  T: + 44(0) 1635 298800 E:... Read more
HOFOR ASSET MANAGEMENT TRANSFORMATION

HOFOR ASSET MANAGEMENT TRANSFORMATION

Lise Tarpe-Johansen, Programme Leader for HOFOR’s Asset Management project, was awarded the 2018 IAM Individual Achievement Award for ‘Transforming asset management despite the absence for any burning platform, business urgency or regulatory obligation’.  This summarises the HOFOR journey so far. The motivation to adopt asset management usually requires a pressing business need, a regulatory or other external obligation, or passionate senior executive ‘sponsor’. HOFOR  had none of these: it achieves good service levels, has generally benign regulators, adequate financing and a collegiate leadership group. Nevertheless, and largely owing to the insight, influencing skills and tenacity of the programme manager, Lise Tarp-Johansen, the company embraced a major transformation programme to introduce asset management concepts and business processes, including new competencies, culture and tools, simply ‘because it is the right thing to do.’ HOFOR’s asset management programme is strongly supported by senior management and a growing team of fast-learning champions. Lise and her team guided HOFOR’s business units to understanding and agreeing that asset management was the way forward. DOWNLOAD CASE STUDY Learn more about how TWPL helped HOFOR (Denmark’s largest utility company) and why adopting asset management is enabling them to face a number of major changes» MORE INFORMATION Go to our Library for more case studies, white papers, books and more».  T: + 44(0) 1635 298800 E:... Read more
THE ASSET MANAGEMENT CONFERENCE 2018

THE ASSET MANAGEMENT CONFERENCE 2018

John Woodhouse MD of TWPL will be delivering a workshop at The Asset Management Conference 2018, being held on 27 – 28 November at the Park Plaza Riverbank, London. Workshop title: ‘Monitoring the performance of Asset Management – the next generation of ‘balanced scorecard’ The monitoring and demonstration of value, effectiveness and efficiency in asset management is a common challenge. The workshop will explore what is possible, share case studies and launches work to establish best practice – and maybe update the core model for a ‘balanced scorecard’. MORE INFORMATION Find out more about the programme and go to The IAM’s... Read more
WCEAM 2018

WCEAM 2018

  TWPL’s Managing Director, John Woodhouse, will be delivering a keynote at the 13th World Congress on Engineering Asset Management (WCEAM) 2018,  being held in Stavanger, Norway on 24 – 26 September. PAPER TITLE Don’t forget human psychology in asset management decisions – it’s not all about data and analytics! ABSTRACT Smart technology is not enough. Methods and sophistication in data collection, modelling and analytics deliver little benefit unless we can also achieve consensus among people with conflicting priorities, and convince finance directors, regulators and other stakeholders of what needs to be done, why and when. This presentation shares the findings of a 5-year multi-industry research and development programme that found a systematic way of merging human factors into the ‘science’ of optimal decision-making. This is now delivering spectacular business value in oil and gas, process, utilities and transport sectors. Recent case studies will be shared from the UK, Latin America and Australia. MORE INFORMATION To find out more about the congress, please go to WCEAM website... Read more
ASSET MANAGEMENT A JOURNEY FOR LIFE

ASSET MANAGEMENT A JOURNEY FOR LIFE

TWPL’s John Woodhouse explains why asset management is a journey for life. Asset Management or merely ‘managing’ assets? “Asset Management” is boring for most people – it sounds like house-keeping or ‘looking after stuff’.   Some folks take great pride in doing it well, others treat it as a chore; necessary but tedious.  Yet there is much more to the subject than the title suggests. “Asset” provides a positive angle, denoting something of value. And “Management” is not really just ‘looking after’ – it also includes a wide range of other activities, such as acquiring, exploiting, improving and protecting. Two domains have realised this and have been upgrading the subject into a professional discipline: the financial services sector, where Asset Management involves juggling investments, risks, returns and sustainability to yield best portfolio value organisations heavily dependent upon physical infrastructure, systems, networks and equipment in delivery of their purpose, who are realising that taking a life cycle view and breaking down traditional departmental behaviours can yield much greater. Others are following (for example, the management of data and information assets, or brand and reputational assets) and a common pattern is emerging. And this is because the time is right. Read the full article ‘Asset management a journey for life’_  May 2017... Read more