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Asset Decision Framework for Optimal Value

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Content Description
Original date: 
Wednesday, September 18, 2019
Abstract: 

Many organizations have implemented processes and tools to collect data to facilitate informed decision-making. Often, they will seek out best practices and measures to assist in decision-making or rely on technology to guide their basis. In many cases, however, these same organizations approach a gap in tactical deployment and in the ability to draw a connection to the follow-up or pre-emptive actions required to derive value from assets. We'll review the processes for establishing a framework for alignment and priority setting while looking at the techniques used for resiliency and risk management using a technology-agnostic approach. We'll review potential data sources that can be leveraged for decision-making and can reflect the needs and current state of the business environment. Additionally, we'll discuss the relationship and application to the decision-making process.  

BoK Content Source: 
MainTrain 2019
BoK Content Type: 
Presentation Slides
Webcast
Presentation Paper
Asset Management Framework Subject: 
01 Strategy & Planning, 1.00 Strategy and Planning General, 1.03 Demand Analysis, 1.04 Strategic Planning, 1.05 Asset Management Planning, 02 Asset Management Decision Making, 2.01 Capital Investment Decision-Making, 2.02 Operations & Maintenance Decision-Making, 2.03 Lifecycle Value Realisation, 04 Asset Information, 4.04 Data & Information Management, 06 Risk and Review, 6.01 Risk Assessment & Management, 6.05 Assets Performance & Health Monitoring
Maintenance Management Framework Subject: 
1.0 Business & Org Context General, 1.1 Requirements & Expectations, 1.2 Enablers & Constraints, 1.3 Mgmt & Operational Frameworks, 3.0 Asset Strategy Management General, 09 Information Management, 9.5 Records Management, 10 Continuous Improvement, 10.0 Continuous Improvement General
Author Title: 
Manager of Facilities Services
Author Employer: 
Simcoe Muskoka Catholic District School Board
Author Bio: 

Nigel D'Souza—P.Eng.—has a career spanning private and public sector operations and corporate leadership. As the manager of corporate asset and maintenance management at the Ontario Clean Water Agency, Nigel led program development and implementation, which includes more than 450 facilities, making it the largest water and wastewater service provider in Canada. Currently, Nigel is the manager of facilities services for the Simcoe Muskoka Catholic District School Board. With more than a decade of leading asset and maintenance management practices, Nigel continues to raise awareness and recognition of this field and continues to serve on the PEMAC Board of Directors.