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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
CIMGA CONGRESS BOGOTA

CIMGA CONGRESS BOGOTA

TWPL’s Managing Director John Woodhouse will be speaking on asset management topics at the CIMGA congress being held on 3 – 5 April 2019 at the Agora Bogotá Convention Centre.  The congress is organised by the Colombian Association of Engineers ACIEM and will focus on two themes: maintenance and asset management. John will be delivering a workshop, plus a keynote to close the congress: Workshop: 3 April Roles of tools in the quantification of costs, risk and performance Keynote: 5 April Do not underestimate the psychological aspects. MORE INFORMATION Go to the event website for more... Read more
TWPL CLIENTS STAND OUT IN IAM AWARDS 2018

TWPL CLIENTS STAND OUT IN IAM AWARDS 2018

Four of TWPL’s clients (HOFOR, ISA, INTERCOLOMBIA, and CTEEP) honoured by the IAM.  Also John Woodhouse, TWPL Managing Director, was personally recognised (pictured above left), with the presentation of the IAM President’s Award for over 20 years’ exceptional service to the institute.  Lise Tarp-Johansen, Programme Manager of HOFOR in Denmark triumphed as outright winner of the Individual Award for: ‘Transforming asset management despite the absence of any burning platform, business urgency or regulatory obligation’. The runner up in the same Individual category was Víctor Diez-Valencia, Technical Leader for the ISA Group, based in Colombia, for his role for: ‘Turning the supertanker: getting a major multinational utility to adopt asset management as a core competency’. Renato Bossolan, Project Manager, CTEEP was runner-up, in this case for the prestigious Innovation Award for: ‘Achieving major culture change in just 18 months through the introduction of Asset Management’.    Sergio Jaramillo, the ‘Thematic Leader’ from Colombian power transmission company INTERCOLOMBIA was runner up in the NxtGen category, for his rapid development and pivotal role in introducing cost/risk optimization methods for asset renewal decision-making.   Learn more about why they were winners.  And how TWPL helped them face many different challenges and the solutions we provided. MORE INFORMATION Go to our Library for more case studies, white papers, books and more».  T: + 44(0) 1635 298800 E:... Read more
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
SALTO GRANDE AWARDS CONTRACT TO TWPL AND LEVIN GLOBAL FOR ISO 55001 ASSESSMENT

SALTO GRANDE AWARDS CONTRACT TO TWPL AND LEVIN GLOBAL FOR ISO 55001 ASSESSMENT

The Salto Grande Hydroelectric Complex, situated in the middle of the area called Ayuí, upstream from cities of Concordia in Argentina and Salto in Uruguay The Woodhouse Partnership Ltd (TWPL) and its Latin American partners Levin Global, have been awarded a contract to deliver an asset management ISO 55001 assessment and prioritised roadmap, for Salto Grande’s hydro generation and transmission power businesses across Argentina and Brazil. Salto Grande is a bi-national organisation created by the Argentine Republic and the Eastern Republic of Uruguay.  They produce and supply electricity through the use of the Uruguay River and effectively manage the Salto Grande hydroelectric complex, whilst at the same time preserving the environment, contributing to the socioeconomic development and integration of Argentina and Uruguay Gabriel Sardi, Gerente de Ingeniería y Planeamiento, Salto Grande commented: ‘We have a diverse asset portfolio, so choosing the right team who have a depth of asset management knowledge and decades of experience, to help us implement improvements across our hydro generation and transmission businesses, is key to the project’s success.’ The Salto Grande hydroelectric complex is situated in the middle of the area called Ayuí, upstream from the cities of Concordia in Argentina and Salto in Uruguay.  It was built in an area of rapids and rocky slopes, in the middle of the Uruguay River, taking advantage of a natural slope called Salto Grande, for hydroelectric generation. The Uruguay River is one of the most important in Latin America, whose course is shared by Brazil, Argentina and Uruguay. The river starts in the Brazilian state of Santa Catarina, in the Serra Geral, at the confluence of... Read more
MUTUAL ENERGY CHOOSES TWPL TO GO BEYOND ISO 55001

MUTUAL ENERGY CHOOSES TWPL TO GO BEYOND ISO 55001

From left to right Neil Johnston, Interconnector Support Engineer, Mutual Energy, TWPL’s Principal Consultants, Gabriel Kirwan and Peter Jay, and Pamela Colgan, Gas Asset Engineer, Mutual Energy The Woodhouse Partnership Ltd (TWPL) is delighted to win a contract with Mutual Energy Limited (MEL) to provide an asset management maturity and ISO 55001 compliance assessment. MEL was formed as a mutual organisation in 2005, to develop and operate energy infrastructure for the long-term interests of all energy customers in Northern Ireland.  In particular, this includes ownership and operation of Northern Ireland’s energy links with Great Britain. Having no shareholders, any financial surpluses are assigned for the benefit of Northern Ireland customers. This, combined with long term secure finance, has allowed the company to manage major energy assets at a very low cost. Sam Gibson, MEL Moyle Interconnector Operations Manager, commented: ‘We have chosen TWPL because of their depth of asset management knowledge and worldwide experience, and will be able to support our intention to go beyond ISO 55001 and towards asset management excellence.’ The project involves an asset management assessment and gap analysis, against the requirements of the ISO 55001:2014 standard for good practices.  TWPL’s widely proven approach for such assessments is wholly aligned to The Institute of Asset Management (IAM) methodology.  However, it also uniquely incorporates a structured identification of potential business improvements, which go beyond the ISO 55001 level to exploit context-specific opportunities and demonstrate leading-edge performance. The project will also involve leadership and support for developing and implementing the management systems and the full landscape of asset management capability, as covered by The Global Forum for Maintenance... 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
IAM CERTIFICATE COURSE HOUSTON

IAM CERTIFICATE COURSE HOUSTON

Introduction TWPL is working with Go2Learn to deliver this 3.5 day IAM Certificate course and exam, which provides an intensive coverage of the principles and practice of Asset Management. The content is aligned to PAS 55, ISO 55000 and to the Institute of Asset Management’s (IAM) Competences Framework, with a view to preparing students to pass the IAM Certificate Principles of Asset Management examination. The integration of asset whole life cycle management, linked to the broader business vision and strategy of the organization is stressed throughout. Objective At the end of this course, participants will be able to: Contribute to generation and implementation of AM policy, strategy, objectives and plans. Participate in asset-related risk identification, analysis and management processes and contingency planning. Understand the asset lifecycle and the role of appropriate tools to optimise the performance, risk and cost of assets. Identify the information and performance measures needed for effective asset management, and evaluate the effectiveness of asset information systems. Understand the financial implications of asset and asset management decisions for the organization, and translate technical issues into business implications. Participants will also be equipped to sit the IAM Certificate exam, which is offered at the end of the course on the morning of day 4. Content The course is delivered through three days of interactive classroom teaching, including reinforcing exercises and tests, supported by workplace assignments and directed reading. The course aligns to PAS 55 and ISO 55000 as well as the IAM’s competency framework, with a view to preparing students to sit the IAM Certificate in Asset Management examination. It also provides a well-rounded competency development and assurance stage for those who already... Read more
IAM CERTIFICATE COURSE DENVER

IAM CERTIFICATE COURSE DENVER

Introduction TWPL is working with Go2Learn to deliver a 3.5 day IAM Certificate course and exam, which provides an intensive coverage of the principles and practice of Asset Management. The content is aligned to PAS 55, ISO 55000 and to the Institute of Asset Management’s (IAM) Competences Framework, with a view to preparing students to pass the IAM Certificate Principles of Asset Management examination. The integration of asset whole life cycle management, linked to the broader business vision and strategy of the organization is stressed throughout. Objective At the end of this course, participants will be able to: Contribute to generation and implementation of AM policy, strategy, objectives and plans. Participate in asset-related risk identification, analysis and management processes and contingency planning. Understand the asset lifecycle and the role of appropriate tools to optimise the performance, risk and cost of assets. Identify the information and performance measures needed for effective asset management, and evaluate the effectiveness of asset information systems. Understand the financial implications of asset and asset management decisions for the organization, and translate technical issues into business implications. Participants will also be equipped to sit the IAM Certificate exam, which is offered at the end of the course on the morning of day 4. Content The course is delivered through three days of interactive classroom teaching, including reinforcing exercises and tests, supported by workplace assignments and directed reading. The course aligns to PAS 55 and ISO 55000 as well as the IAM’s competency framework, with a view to preparing students to sit the IAM Certificate in Asset Management examination. It also provides a well-rounded competency development and assurance stage for those who already... Read more
IAM ANNUAL CONFERENCE 2018

IAM ANNUAL CONFERENCE 2018

John Woodhouse, TWPL’s Managing Director, will be speaking at the IAM Annual Conference being held on 25 – 27 June 2018 in Birmingham. This year the conference will focus on asset management in the context of growth, innovation and transformation, and resilience. PAPER TITLE Raising the game – managing whole business units as ‘assets’ Many organisations are on the journey to better management of their ‘core’ assets. This session describes how some leaders are now applying the same thinking at multiple levels, up to and including whole companies within a group, a holding company or investment portfolio. See the full programme of speakers » Event address Hilton Birmingham Metropole The NEC Birmingham Pendigo Way Marston Green Birmingham B40 1PP Visit the hotel website» MORE INFORMATION T: + 44 (0) 1635 298800 E:... Read more
LEARNING ALONG THE ASSET MANAGEMENT JOURNEY PART 3

LEARNING ALONG THE ASSET MANAGEMENT JOURNEY PART 3

TWPL covered the Integrating and Embedding area in the last briefing  (Learning Along the Asset Management Journey – part 2), in part 3 we explore the final phase Seeking Excellence.  For Seeking Excellence, it is assumed that the knowledge and skills gaps have been addressed to the level of ‘competence’ and individuals/organisations are now ready to develop leading-edge skills and seek business advantage. We have a range of specific educational and training products that deliver this development. Furthermore, they can be adapted (for example, with industry- or company-specific examples) and blended to ensure their local relevance and effectiveness. Popular courses and learning modules for this phase ‘Beyond ISO 55000: Seeking Excellence’ is a 3-day course that looks at the skills and processes required to refine and optimize the realisation of asset value. You will learn how to tailor your strategies to suit your context and capabilities, and then drive continual improvement. This can be applied to individuals and organisations.For individuals who need to understand advanced concepts, possibly to develop a career into specialist or management roles in Asset Management, our 6-day IAM Diploma course (and conversion course option, from Certificate to Diploma), is designed to support the consolidated competency standards for systematic skills assurance across the organisation.  It can form part of a ‘Blended Learning’ programme, targeted and prioritised with the TWPL Competency profiling method. As well as one of the longest-standing IAM Endorsed Trainers, TWPL is also an IAM Examinations Partner, so we can provide the formal qualifications opportunities as a bundle with appropriate learning programmes. Individuals and teams who want to exercise and test the full range... Read more
ASSET MANAGEMENT ECOSYSTEM 2018

ASSET MANAGEMENT ECOSYSTEM 2018

The 1st Asset Management Ecosystem (AME) conference was an enormous success that brought together many asset decision makers to discuss and debate the strategy of asset management. It is without question that the first annual AME conference touched a nerve with many in the AM community. And, a 2nd Annual AME will be held on 29 April – 2 May 2018 at the Baltimore Marriott Waterfront, USA. TWPL’s CEO John Woodhouse, will deliver a keynote presentation on 1 May 2018 on ‘Bridging the gaps between…. a) Strategic desires and operational realities b) Finance folk and technical folk! Summary: One of the biggest challenges in asset management is the clarification and delivery of long-term goals while also delivering short term results. This paper explains how a Strategic Asset Management Plan (SAMP) joins these up and can be used to agree the best way to deliver value over the whole asset asset life cycle. It also explains how technical folk can convince financial folk abut what needs to be done, when and why – on language that financial folk can understand. Find out more John Woodhouse will also deliver a workshop on 2 May 2018 on ‘Dollars and sense: Sorting out what is really worth doing, why and when – and convincing everybody that this is the right plan’. Summary: A deep dive, highly interactive session into the development of a Strategic Asset Management Plan (SAMP) and the demonstration of value-for-mney in asset management. This workshop explores proven methods for aligning different agendas and for putting dollars on the table, to show the business case for plans, resources and activities. For example,... Read more
NEW GUIDE DEVELOPING YOUR SAMP

NEW GUIDE DEVELOPING YOUR SAMP

John Woodhouse, TWPL’s CEO, Fellow and Chair of the Panel of Experts for the Institute of Asset Management (IAM) has authored a new guidance document, ‘Developing and Maintaining a Strategic Asset Management Plan’, which takes you step-by-step through creating and using a SAMP in your own organisation. Here is a taster of the main messages. The evolution of specialist departments and roles is an inevitable feature of managing increasingly large and complex systems. As a result, however, it can be hard for individuals to understand how they fit into the bigger picture and for departments to co-ordinate their priorities and contributions. At the same time, corporate vision and mission statements are often expressed in such generic language of good intentions that they can be difficult for the workforce to intepret for their day-to-day activities. A translation is needed  and that’s why a Strategic Asset Management Plan (SAMP) is useful. It gives a better understanding of what we should do (strategies), what we want to achieve (objectives), in what timescales. A good SAMP can bring disparate parts of the business together, set a clear way forward, resolve priorities and make sure people work together with the same goals. But creating a worthwhile and successful SAMP is an art in itself. So, what is an effective SAMP? And how do you make sure it contains the right stuff and actually helps deliver better business performance in the business? What it is and why is it needed A SAMP (or what BSI PAS 55 called an Asset Management Strategy), is a documented strategy for asset management that clarifies intended activities, desired outcomes... Read more
ASSET MANAGEMENT AT UNIVERSITY OF CAMBRIDGE

ASSET MANAGEMENT AT UNIVERSITY OF CAMBRIDGE

The University of Cambridge (UoC) Estates Facilities (EF) department manages a complex university estate with diverse facility types, from sophisticated research and teaching facilities to buildings of historical and cultural importance, such as the Fitzwilliam Museum. The overall size and composition of the estate is evolving, with facilities becoming more and more complex and stakeholders constantly requiring better performance, while controlling cost and managing risk. To meet these challenges, the EF team decided to implement an Asset Management business model, and contracted The Woodhouse Partnership Ltd (TWPL) to provide support. Initially, the work involved assistance with two niche challenges, however it quickly became clear that a more integrated plan of action was required. TWPL worked with the EF senior management team to develop a prioritised transformation roadmap, for which a business case was made and approval obtained to implement an Asset Management System. A key early action was to conduct an assessment of current practices against the requirements of the ISO 55001 standard for Asset Management, thus establishing a baseline against which progress can be measured. The UoC EF leadership team also recognised the importance of increasing asset management awareness and competence, and asked TWPL to provided IAM Certificate training for over 30 members of staff. This was followed up by a number of awareness sessions with other members of the UoC staff across the wider estates function. EF is now implementing the roadmap with the help of TWPL’s highly experienced practitioners.  This includes developing an Asset Management System framework and manual, which is already proving valuable in identifying opportunities for efficiency improvement and better alignment.  Another key element... Read more
EUROPEAN SHUTDOWNS AND TURNAROUNDS SUMMIT

EUROPEAN SHUTDOWNS AND TURNAROUNDS SUMMIT

TWPL’S managing director, John Woodhouse, will deliver a workshop on the topic of’ Evaluating and justifying alternative shutdown timings or intervals’, at IQPC’s European Shutdowns and Turnarounds Summit being held on 12 – 13 February 2018 in Amsterdam. This two day event will bring together experts from all parts of the process industry to discuss challenges and offer solutions around issues like HSE, IoT, operational excellence, asset integrity, budget optimization and interface management. MORE INFORMATION Please get in touch in you would like to arrange to meet us at the summit and go to the event website to find out more here. t: + 44 (0) 1635 298800 | e: enquiries@twpl.com... Read more
THE ASSET MANAGEMENT CONFERENCE 2017

THE ASSET MANAGEMENT CONFERENCE 2017

TWPL will be speaking and exhibiting at the IAM’S Asset Management Conference being held on on 21 – 22 November 2017 at the Park Plaza Riverbank, London. TWPL’s managing director John Woodhouse, will be speaking on ‘Asset management value: Top-down aspirations versus bottom-up hard numbers.’ The Annual Lecture will be delivered by Sir John Armitt followed by the Annual Dinner and Awards ceremony. MORE INFORMATION If you would like to meet us at the conference, please contact us to set this up on + 44 (0) 1635 298800 or email enquiries@twpl.com. Go to the IAM website to download the programme... Read more
GEAM CONGRESS DUBAI 2017

GEAM CONGRESS DUBAI 2017

Asset management experts David Copestake and Peter Jay will deliver two ISO 55000 related masterclasses at the Government Enterprise and Asset Management Congress on 23 – 26 October in Dubai. They will be speaking on behalf of the IAM and will provide first-hand experience of leading and facilitating real asset management improvement programmes. MASTERCLASS TOPICS Implementing ISO 55000: Practical tips and ways to deliver real improvement in performance and value, not just the ‘certificate’. This masterclass will cover the initial evaluation of potential benefit, gap analysis, developing and implementing an asset management improvement programme to reach ISO 55001 certificate, and will include discussion of the common problems and challenges, and some practical advice on how these can be overcome. It will also tackle some of the human factors, the organisational changes/alignments and the system documentation, using a framework approach. This includes the development of a strategic asset management plan (SAMP). The workshop will reveal how real tangible performance, service and cost benefits can be achieved by following this approach, closing the gaps to achieve fully integrated asset management, suitable ISO55001 auditing and certification. The masterclass will be highly interactive and participants will be encouraged to share and discuss their own experiences. Beyond ISO 55000: Understanding what is achievable in end to end asset lifecycle management This masterclass will introduce the concept of asset management excellence – the journey beyond ISO 50001 certification. This is the subject to recent research, innovation and maturity guidance in the IAM. Learn why and how appropriate targets for asset management excellence depend upon the organisation’s context, and factors including the scale, criticality and complexity... Read more