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TURNING THE SUPERTANKER

TURNING THE SUPERTANKER

Victor Diez was runner-up in the 2018 IAM Individual Achievement Awards for Asset Management. His is a story about how the initial seeds were sown, a ‘business case’ established, how top management commitment was obtained, and how a group-wide rollout is being achieved – across multiple organisations with different cultures, starting points and environments. The ISA Group is a fast-growing multi-national utilities company, based in Medellin, Colombia, with over 40 subsidiaries and partnerships spread across 8 countries in Latin America. In 2011 there was pressure to seek improvement opportunities and the senior executive team gave Victor Diez the task of investigating “Asset Management” and its potential to better manage the physical asset portfolio. He started by reviewing the current level of ISA’s Asset Management maturity, finding widespread lack of awareness and inconsistency. Two years of extensive research on the subject followed, included visits to and from other organisations in other countries, and gathering a library of reference material and case studies. Victor was also investigating sources of expert support to guide and support ISA on its Asset Management ‘journey’. Asset Management Journey In 2014 this journey then began, by establishing realistic goals and a customised roadmap to deliver them. This directly linked Asset Management improvements to the corporate ‘ISA 2020’ strategy for growth, performance and sustainability. It created a vision for a new standard for managing the organisation’s assets across Latin America. This was no small ambition, since ISA has many subsidiary companies, operates in different countries and regulatory regimes, and has an energy transmission asset base with over 44,000 km of High Voltage lines, transporting more than 250,000... 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