Webinar: Value, Values & Asset Management Decision Making
Aging infrastructure, low growth, and increasingly sophisticated demands from regulators and other stakeholders are creating a perfect storm, which is placing conventional maintenance and capital planning practices under pressure. This requires energy and water providers to do more with less and to become more transparent and rigorous in their business processes.
On April 25, 2017, Engerati hosted a webinar with Boudewijn Neijens, CMO of Copperleaf and Rhys Davies, President of eAsset Management and Chair of the ISO/TC251 Committee. In this 60-minute webinar recording they will:
- Explore the concept of value, and focus on two core aspects of the ISO 55000 standard – how capital decisions are and should be made, and what framework is required to ensure decisions are optimal for all stakeholders.
- Introduce a decision-making maturity scale to help you gauge how your organisation makes decisions today, and where you want to be in the future. Using simple examples, we will illustrate how value, risk and time play crucial roles in effective decision making.
- Explain how to build a Value Framework for asset management decisions. This includes identifying your most important value criteria, aligning all criteria to a common evaluation scale, and using these criteria to decide what actions or investments will deliver the highest value.
We’ll conclude with some examples of how Value Frameworks are deployed in practice in energy and water utilities, and provide you with tips on how to get started.
Want to learn more about this topic? You can also check out these articles by Engerati:
Utility assets: How to release value with ISO 55000
How to create and define a value framework for asset management
How can analytics help make decisions on utility infrastructure?