How Asset Partners NZ Can Work With You

Understanding the current capabilities of your asset centric organisation, or specific teams involved in managing your assets is vital. Knowing where your relative strengths and weaknesses are, and how these relate to risks on your assets or organisation enables a targeted and prioritised programme of improvement. 

Asset Partners NZ can conduct capability assessments from strategy to delivery functions and maturity reviews of your organisation/teams. We can then create tailored improvement programmes, with you, and support you and your teams to deliver these over time. 

Asset management requires the coordination of an array of functions and processes within an asset centric organisation to deliver value, for customers, from assets. Understanding the connections between these functions and processes, and how they work together as a 'system' to deliver value is integral. 

Asset Partners NZ can review your current asset management 'system' and relevant business functions/processes. We can compare these against international best practice and/or what could work best for you and your organisation. We can build improvement plans and programmes, with you, and support delivering these across teams. 

Asset management is not the job of 'just one team'. It requires insight, direction and support/buy-in from the leaders of an organisation. 

Asset Partners NZ can work with governance, executive and line management teams to generate alignment through strategy and processes. Often this starts with a refresh or '101' on asset management and some early clarity about how asset management aligns with the broader objectives of the organisation. Outputs can include a refresh of strategic planning documents, creation of Asset Management Principles or similar. 

Strategic Asset Management Plans (SAMPs) provide a vital link between an organisations broader objectives and how assets will be used to deliver against these. Importantly, the SAMP contains the stated 'asset management objectives' of the organisation and descriptions of how these will be achieved.

Asset Management Plans (AMPs) sit a level lower than SAMPs in the asset management system hierarchy. The AMP generally contains a summary of the asset base, its current performance against stated objectives or service levels, the key planning processes used in decision making, and the outputs of these planning processes. The outputs of the planning processes typically include programmes of capital and operational work on assets and associated budgets and timelines. AMPs are complex and often require significant detail in order to be accurate, truly reflective of performance and risk, and to deliver value. AMPs and their associated planning processes are hungry consumers of asset information and work to write, review or improve an AMP often creates  opportunities to improve asset information in the organisation. 

Asset Partners NZ can review, improve and/or write SAMPs and AMPs with your organisation and the relevant teams. 

Effective asset planning processes will result in lists of asset interventions required to manage risk and get assets performing as required. These interventions (or projects) often outnumber the ability of the organisation to deliver, or afford, in the planning period ahead. This results in a need for effective risk-based prioritisation methods to rank and schedule projects into deliverable and affordable programmes of work for delivery teams. 

Asset Partners NZ can review your existing project/programme prioritisation approaches, or develop new ones with you and your teams to ensure that risk is effectively managed and that capital and maintenance programmes are optimal. We have the capability and experience to develop and implement simple planning and prioritisation frameworks, or to build more sophisticated risk-based prioritisation models/tools to meet your organisations needs.  

As assets age and deteriorate their performance begins to suffer and/or they become less reliable. This introduces risk to the asset-base that must be managed by the organisation. Understanding risk likelihood factors such as age, condition and performance, and risk consequence factors such as asset criticality, allow an organisation to build robust risk-based long-term asset renewal programmes.

Asset Partners NZ can support your organisation to understand failure risk in its asset base and to build risk-based renewal models and programmes that will ensure your assets are well-managed over the long-term. 

Continuous improvement is vital right across an organisations asset management system and various frameworks. The performance of every part of every process should be understood in the context of the broader asset management system and improvement plans and interventions should be put in place where appropriate. 

Asset Partners has capability in designing simple and effective continuous improvement frameworks that can be adapted and applied to all aspects of an organisation asset management system. We can work with you and your teams to implement effective CI frameworks and to drive specific improvements.