City Scape

Making Asset Management Useful in Operational Management

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Content Description
Original date: 
Thursday, March 10, 2022
Abstract: 

Formal asset management has a relevancy problem when it comes to practical application in operations-heavy industrial sectors. It is a major reason the uptake of holistic and strategic formal asset management has been so slow in North America. As asset management practitioners we are failing to offer and deliver AM in a way that is aligned to and integrated with the incumbent operational management system. To have utility and add value we must see the challenges from the senior operational leaders' perspective and offer AM in a practical way that is seen as the solution to their problems. Join Paul Daoust as he threads the needle and binds great asset management into great operational management.

BoK Content Source: 
MainTrain 2022
BoK Content Type: 
Presentation Slides
Video
Asset Management Framework Subject: 
01 Strategy & Planning, 1.00 Strategy and Planning General, 02 Asset Management Decision Making, 2.00 Asset Management Decision Making General, 05 Organization & People, 5.04 Organizational Culture, 06 Risk and Review, 6.09 Stakeholder Engagement
Author Title: 
Founder, Managing Director
Author Employer: 
Scio Asset Management Inc.
Author Bio: 

Paul Daoust has almost 30 years of experience in asset management and operational excellence in the energy sector.

As the founder of Scio Asset Management, Paul is declaring war on mediocrity and empowering progressive operational leaders to make better decisions to stop value leakage in their organizations through learning, coaching, advising services, and technology solutions.

As founder of TheAsseteers.org, a learning & sharing community, Paul is a leading international advocate for asset management professionals and industrial and infrastructure asset-owning organizations.