How to make optimal Asset Investment, Maintenance & Replacement Decisions?
Every year, billions are invested in the management, maintenance & replacement of industrial assets and infrastructure for electricity, gas, water or transport. Making strategic decisions on how best to maintain, replace or expand these assets requires an ever-increasing degree of sophistication today.
The ability to develop optimal investment strategies for meeting performance and risk level long term targets is crucial in high capital industries. To be successful, asset intensive organisations need to find effective ways to manage enormous volumes of asset data and integrate sophisticated asset intervention policies into a comprehensive strategy. When a long term strategy is set, it’s also crucial to the right short term project priotisation taking in account all constraints in order to make the best use of valuable resources. During this unique seminar, you will learn how your organisation can optimize long term and short term Asset Investment, Maintenance & Replacement Decisions, resulting in very significant CAPEX and OPEX savings.
Asset Management decision making techniques to optimise project portfolios
Even with a clear scope of projects to be realized over a certain period of time, Asset Managers are still faced with the need to make decisions on which project gets priority. Often it's a matter of selecting one project over another, based on which project currently provides the highest value for the organization. But how exactly do we quantify value? How are we sure we are selecting the right projects? Are the decisions we make really optimal and defensible?
In this interactive session you will learn how to examine and optimise project portfolios. Participants are challenged to value and rank the different projects of a sample portfolio, taking into account multiple financial, resource and time constraints. We will gradually identify the optimal portfolio, while studying the challenges of real-life scenarios where hundreds of projects can compete for scarce resources.
We discuss the following topics:
- ISO 55000: the general principles and definition of value in asset management
- How to set up a robust value framework with valuation techniques for investments and projects
- Prioritizing vs. optimizing: more value under time and resource constraints
- Optimisation techniques under complex constraints: when to undertake which project?
All principles and techniques will be illustrated with comprehensive examples.
Practical Information
Target Audience:
Policy makers, Investment Decision takers, Financial planners, Asset Managers, Project Managers and Maintenance Managers active in asset intensive organisations and public services who want to learn how to make optimal Asset Investment, Maintenance & Replacement Decisions.
Industries concerned:
- Power generation & distribution
- Pipelines & Gas transport
- Renewable energy
- Roads & Highways
- Public Transportation
- Telecom
- Water & Waste water transport & treatment
- Process industry
- Manufacturing industry
- Real estate
- ...
Language: Presentations & slides are in English. Translation to Dutch or French is not provided.
Boudewijn Neijens is a civil engineer and expert in asset management. He is head of the Canadian delegation at ISO for asset management (TC251) and chairman of the Canadian branch of the Institute of Asset Management. He is also CMO of Copperleaf.
Copperleaf has been developing innovative approaches to decision making in asset management for 20 years. Copperleaf provides Asset Investment Planning and Management (AIPM) decision analysis software to companies managing critical infrastructure - www.copperleaf.com .
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