Asset-intensive organizations have to manage vast amounts of data to manage their assets and base their strategic, tactical, nd operational decisions on. The Finnish TSO (Transmission System Operator) Fingrid has been on a journey to develop a digitalized way of working with their assets for many years now. In the global TSO benchmark ITAMS, it can be seen that Fingrid is consistently one of the best performers in that sector. Marcus Stenstrand, Digitalisation Manager and also one of the main responsible for implementing ISO 55000, explains that the starting point is actually that the organiza ..read more

"Setting Strategic Objectives is one of the key roles of the Board. For objectives to be achieved they need to be operationalised. Converting corporate objectives into asset management objectives is one of the ways this is done. I have too often been into companies who proudly show me their strategic plan, then I ask to see their monthly reports and there is no connection between the two." Dr Monique Beedles, PhD in Strategic Management, Board Member and author of the book "Asset Management for Directors" shares her unique perspective. https://www.linkedin.com/in/moniquebeedles ..read more

Many - if not all - of you listening to this podcast will be used to dealing with physical assets. But there are also Intangible Assets in an organisation. Is that the same as Intellectual Property? And are Intangible Assets really important for organisations that are dependent primarily on physical assets in their business? Martin Impgaard ( https://www.linkedin.com/in/martin-impgaard/ ) will share his thoughts and tools to get a better handle on what Intangible Assets your organisation has, and what value those Assets have for the organisation. Checklist for Mapping Intangible Assets in yo ..read more

Jörgen Lundmark har varit byggherre och beställare inom Skellefteå Kraft operativa projektverksamhet för utbyggnad, ombyggnad av kraftverk och renovering av kraftverk. Han ansvarar för att Skellefteå kraft förvaltningsverksamhet bedrivs i linje med ISO 55000.  I det här avsnittet förklarar han hur han ser på ISO 55000 och hur det ledningssystemet ska hjälpa till med nyckelfrågor som: vad tar vi först, vad är viktigast för oss, vad behöver vi först få på plats?  vilket värde vill vi ha från våra tillgångar? får vi förväntat värde från våra tillgångar ..read more

If your organization has assets that need maintenance, it is fairly certain you have some sort of CMMS (Computerized Maintenance Management System). Different types of data come together to do efficient maintenance, have the right spare parts, and ultimately to help management make informed decisions. What are then the key questions for implementing a CMMS that truly adds value to the organization? Johan Jansen van Rensburg, Reliability Expert from South Africa shares his experiences from a long career inthe food production and manufacturing sectors.   ..read more

How should an organization regard Asset Information Systems within its Asset Management? When considering asset management, many organizations work from the IT solution back, rather than from the business requirements forward. They don’t realize that the principles that define AM should be designed into existing business processes and that this should be done before implementing a new asset registry or management system.  Listen to Francis McDowell, Managing Director of Innovative Thinking (IT), as he shares insights from many years of experience in "design to delivery" implementation of ..read more

COVID-19 has already caused significant changes in the way a lot of businesses operate across the world. Some of these changes will revert back to the way things were once COVID is no longer a threat. But could there be longer-term effects on our societies and work cultures?  What could this mean for Asset Owner & Operator organisations, and the Asset Management principles, processes, and procedures they operate within? And if changes are needed - what are Change Management best practices to implement those? Paul Hilford of E-Step Ltd shares his views.  https://www.linkedin.com ..read more

If you want to implement AM in your organization, unless you have a green field facility, this would mean splicing AM into an existing organization. Therefore, AM Governance also needs to be spliced into the Governance System of the organization.  But how can this be achieved? Suzane Greeman, Principal Asset Management Advisor at Greeman Asset Management Solutions and author of the “Risk-based Asset Criticality Assessment Handbook” joins our podcast to share her ideas on Asset Management Governance and how she is leveraging her vast experience in numerous industries. Suzane's LinkedIn pr ..read more

Procurement, Purchasing, Sourcing, Supply Chain, Contract Management...there are many terms for it. How do they fit into the Strategic Asset Management landscape? Swedish Procurement expert John Murray, with a long track record working in the utility sector, explains how procurement needs to be organized and connected to the AM organization in order to enable more value creation ..read more

Phil Caffyn shares his key areas for small organisations to begin a journey towards a more Strategic AM setup. In this case, we are looking at small electrical distribution companies, serving 12,000 to 15,000 customers.  Too often, people from small companies say "implementing ISO 55000 or AM best practices, that's only for the really large corporations, not for us". Well, Phil from New Zealand is here to tell you otherwise, and he can give you specific tips on how to get started! Phil is one of our very experienced consultants at UMS Group. Based in New Zealand, he works primarily in t ..read more