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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
LEARNING ALONG THE ASSET MANAGEMENT JOURNEY – PART 2

LEARNING ALONG THE ASSET MANAGEMENT JOURNEY – PART 2

TWPL covered the Getting Started area in the last briefing (Learning Along the Asset Management Journey – part 1), in part 2 we explore the next phase Integrating and Embedding. At the Integrating and Embedding level, it is assumed that the priority knowledge and skills gaps have been identified and individuals/organisations are now seeking to understand ‘how it all works together’ and ‘how to make it happen in a sustainable way’. We have a range of specific educational and training products that deliver this understanding. 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 ‘ISO 55000 Implementation Planning’, for example, is a 2-day course that complements an organisation’s maturity assessment, ISO 55001 gap analysis and Roadmapping activities. This course develops a deeper knowledge and understanding of the practical requirements to create and manage the plan to deliver improvements in AM capability to the ISO 55000 family of standards. Our ‘Strategic Asset Management Planning’ course provides real practical insight into the development of effective strategies for Asset Management, including alignment with organisational objectives and engagement of the workforce, risk management, prioritization, goal-setting, performance monitoring and cross-disciplinary collaboration requirements. The 3- and 5-day options for the IAM Certificate qualification, and our 6-day IAM Diploma course (and conversion course option, from Certificate to Diploma), are all designed to support the consolidated competency standards for systematic skills assurance across the organisation.  They often form part of a ‘Blended Learning’ programme, targeted and prioritised with the TWPL Competency profiling method.  As well as one... Read more
LEARNING ALONG THE ASSET MANAGEMENT JOURNEY – PART 1

LEARNING ALONG THE ASSET MANAGEMENT JOURNEY – PART 1

In our previous article, John Woodhouse, TWPL’s CEO, talked about Asset Management’s integrated and holistic approach – taking the ‘total view’ and getting all the separate parts working together with a clear, shared purpose. People and organisations explore and learn about Asset Management from many different starting points. The Woodhouse Partnership Ltd (TWPL) has, for over more than 20 years, developed the education and training that will enable you to learn at any level, and develop the skills to get to where you want to be, with the personal assistance of experienced guides. Before we talk about what this can include, we want to show why it’s important to take a robust, structured and personalised approach: The Institute of Asset Management’s (IAM) Competences Framework. Understanding personal context and cultural attributes. How the individual learner’s journey aligns with the organisation’s maturity journey. 1. How we fit with the IAM’s Competences Framework The IAM Competences Framework (v3.0 : 2014) is a comprehensive description of “what people involved in the management of physical assets should be able to do and the knowledge and understanding needed to underpin this”.  Part 1 describes the complete suite of competence requirements and an indication of the knowledge needed to meet them, and Part 2 gives guidance on how to use the Framework and how to customize it to an individual organization.  See the 7 roles identified in the IAM Competences Framework shown in figure 1 below.                        Figure 1: The IAM Competences Framework –  the 7 Roles We cross-reference our training proposals.  This Framework can be downloaded free from the IAM website if you are an... Read more
TWPL VITAL LINK JUNE 2017

TWPL VITAL LINK JUNE 2017

Our latest Vital Link features the following news: TWPL opens office in Brazil and wins 3-year contract IAM appoints TWPL as exam delivery partner New guide for strategic planning New IAM Asset Management System guidance Bonneville Power selects TWPL Valuing chief executives and asset life cycles New consultants: David Copestake and Howard Werden Download Vital Link (PDF) MORE INFORMATION Please contact Julie Fowler: + 44(0) 1635 298800 |... Read more
ASSET MANAGEMENT SYSTEM APPLICATION GUIDE

ASSET MANAGEMENT SYSTEM APPLICATION GUIDE

THE AM HANDBOOK – ASSET MANAGEMENT SYSTEM APPLICATION GUIDE – SCOPE Peter Jay, TWPL Principal Consultant and Fellow of The Institute of Asset Management (IAM), has led the work to produce the Asset Management System Application Guide. The purpose of the IAM Asset Management System Application Guide is to set out a practical and pragmatic approach that will help organisations on the asset management journey, to develop and put in place an asset management system that will not only achieve formal conformance with ISO 55001, but will enable and embed good practice as described in The IAM’s ‘Asset Management – an anatomy’ and supporting subject specific guidelines. This guide provides an agreed basis that is endorsed by the IAM for the application of AM systems, and provide some consistency and clarity for all working in this field, whether consultants or organisations. It includes discussion and recommendations on implementing ISO 55001 for a variety of scenarios, including integrating it with other management systems, such as ISO 9001 and the concept of an integrated management system approach. The guide provides the foundation of a new ‘handbook’ for asset management, that provides more depth and context for application of asset management than is provided in the ‘anatomy’, but builds upon it. It also cross references with relevant SSGs and other reference sources. It includes some industry examples and many examples of tips and pitfalls for those embarking on the asset management journey. It represents a major plank in the IAM’s strategy for Knowledge. TARGET READERS This is primarily written for asset management professionals who are seeking to derive value from asset management... Read more
STRATEGIC ASSET MANAGEMENT PLAN

STRATEGIC ASSET MANAGEMENT PLAN

STRATEGIC ASSET MANAGEMENT PLAN (SAMP) – SCOPE John Woodhouse, TWPL’s CEO, Fellow and Chair of the Panel of Experts for the Institute of Asset Management (IAM) has authored (and TWPL has sponsored), the development of the Strategic Asset Management Plan (SAMP).  The IAM guidance on developing a SAMP will be officially released at the IAM Annual Conference being held in Manchester on 26 – 28 June 2017. The asset management SAMP guide has been developed by the IAM to provide guidance for organisations who manage physical assets, and who wish to put in place or improve an existing management system for asset management. The purpose of this guide is to set out a practical and pragmatic approach to the development of a Strategic Asset Management Plan (SAMP) or Asset Management Strategy, that will not only conform with ISO 55001 requirements, but will clarify priorities, align stakeholders and deliver the best possible value to the organisation.  It is intended to provide a consistent and clear basis that is endorsed by the IAM for the development and maintenance of strategies and is intended for use by those setting out on the journey and those implementing or maintaining their management systems. It is also intended to provide a reference and guide to more advanced organisations wishing to improve – indeed continual improvement is a requirement of good practice for all management systems. This AM SAMP guide is complementary to ISO 55002 (including the current updates, which expand on the importance and role of the SAMP).  So the publication of this guide is both timely and highly sought-after. TARGET READERS Anyone new to... Read more
MAINSTREAM CONFERENCE 2017 JOHANNESBURG

MAINSTREAM CONFERENCE 2017 JOHANNESBURG

TWPL will be speaking at the Mainstream Conference being held on 9 – 11 October 2017 in Johannesburg, South Africa. The event is being organised by The Eventful Group and conference delegates will have the opportunity to learn from the visions and experiences of professionals and experts in asset management. TWPL’s CEO John Woodhouse will give a plenary on ‘Whole life cycle asset management: Turning good intentions into concrete results’. He will also deliver a deep dive session on ‘Making the business case: Putting hard numbers on asset life cycle costs, risk, performance, value and intangibles’. MORE INFORMATION Visit the event website... Read more
TWPL OPENS OFFICE IN BRAZIL

TWPL OPENS OFFICE IN BRAZIL

TWPL opens office in Brazil, and wins 3-year contract to facilitate ISO 55001 implementation The Woodhouse Partnership Ltd (TWPL) already supports corporate transformation and asset management programmes in over 28 countries, and has offices on 4 continents.  Now Brazil joins the network, through our wholly owned subsidiary TWPL Consulting Services Ltd, based in Sao Paulo.    Furthermore, our Brazilian team has already been selected and contracted to support a major ISO 55000 implementation in the electricity sector. This 3-year project will assist CTEEP, one of the largest power transmission in the country, to establish asset management capabilities, life cycle planning, optimal decision-making and the establishment of a management system compliant with the ISO 55001 standard. “This is an initiative that mobilizes every single department of the company and is part of the strategic corporate priorities for the future” said Mr. Celso Cerchiari, CTEEP Technical Director at the launch in February. Launch of CTEEP programme (in photo from left to right): Rene Leonel (TWPL Brazil), Cassio da Silva (Maintenance Manager, CTEEP), John Woodhouse (CEO TWPL), Cesar Ramirez (VP Energy Transmission, ISA Group), Dr Bernardo Vargas (President, ISA Group), Celso Cerchiari (Technical Director, CTEEP and Asset Management project manager), Carlos Ribeiro (Director of Institutional Relations, CTEEP), Dr Reynaldo Passanezi (President, CTEEP), Doralice Ferro (Strategy and Innovation Manager, CTEEP) The programme includes establishment and customisation of asset life cycle planning activities, risk management, quantitative cost/risk optimisation methods for decision-making, education programmes, culture change and the establishment of a joined-up management system for asset management.  Initial stages include reviews of existing processes, a ‘gap’ analysis and a series of pilot studies and solution development... Read more
THE TIMES SPECIAL REPORT ON ASSET MANAGEMENT

THE TIMES SPECIAL REPORT ON ASSET MANAGEMENT

Valuing chief executives and asset life cycles John Woodhouse, chief executive of TWPL and chair of the Panel of Experts at the Institute of Asset Management comments in John Osborne’s article ‘Valuing chief executives and asset life cycles’. For any new chief executive, the task of transforming a business used to defining its assets in terms of technical standards and terminology can be formidable. The concept of asset management has grown up in the infrastructure and transport sectors. In so doing it has generated a raft of concepts and technologies which may seem alien to a chief executive with a track record of improving the fortunes of businesses focused on managing financial assets or IT systems. To make things even more complicated, any newcomer has quickly to get to grips with terms which even asset managers say are not precisely defined. John Woodhouse, chief executive of TWPL and chair of the Panel of Experts at the Institute of Asset Management, says: “There is plenty of lively debate about appropriate technology and scope for such things as asset life cycles, whole lives and life-cycle activities. At the simplest level, of course, the life cycle concept is clear: for a discrete component that goes through a creation stage, a period of usage and possible maintenance, leading to ultimate disposal or replacement.   “It becomes more complicated, however, when we acknowledge two common realities. The life stages may not be clear-cut, and may even have physical existence periods that span multiple cycles of acquisition, usage and disposal by different organisations.   “Secondly, an asset could have an infinite life if it is... 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
IAM QUALIFICATIONS

IAM QUALIFICATIONS

TWPL Academy provides asset management training courses to pass the IAM Certificate and IAM Diploma qualifications.Our course dates for 2017 are listed below along with dates for the examination which TWPL Academy will arrange immediately following the training. Click on the links below to find out more and download the course descriptor. For an overview of these IAM Qualifications please visit the IAM website. IAM Certificate (3 days) Next available course: 22-23 March 2017, London IAM Exam: 23 March 2017, London Find out more IAM Diploma (2 + 3 days) Next available course: 10-11 April & 24-26 April 2017 IAM Exam: 27 April 2017, London Find out more More information Please contact Luc Juffkins on + 44 (0) 1635 298800, or email... Read more
TWPL | CONFERENCE PARTICIPATION 2017

TWPL | CONFERENCE PARTICIPATION 2017

TWPL regularly delivers keynotes and exhibits at conferences worldwide and we will be participating in the following during 2017: More information Please contact us for more information, or if you would like to meet us at one of these conferences + 44 (0) 1635 298800 or email enquiries@twpl.com.  ... Read more
John Woodhouse, Managing Director

John Woodhouse, Managing Director

TWPL ASSET MANAGEMENT EXPERT John Woodhouse is one of the most widely known experts in integrated asset management. With a background in oil and gas upstream and downstream operations (Shell Expro in UK, Norway, Brunei, Netherlands) and major engineering (senior management positions in Kvaerner), he launched TWPL in 1995 as a consortium of former senior industrial managers to provide pragmatic advice and support in the embedding of good practices and development of asset management competences. John is also a Founding Member, Council Member, Life Fellow and Chair of Experts Panel for the Institute of Asset Management. He was Project Director for British Standards Institute/IAM development of the PAS 55 standard for asset management. John was appointed a Principal Expert to represent the UK on the International Standard for Asset Management (ISO 55000 – published in 2014). He has also project managed the development of the first IAM Competences Framework, and the European MACRO & SALVO R&D projects on cost/risk optimization in asset management decisions and life cycle management. John is also author of the book ‘Managing Industrial Risk’, Publ. Chapman & Hall, 1993 and ‘Asset management decision-making: the SALVO Process’, Publ. TWPL 2014, and lectures widely around the world at conferences and through university and in-house management training programmes. More information Please contact us on + 44 (0) 1635 298800 or email... Read more