DEVELOPING WHOLE OF LIFE CYCLE COSTING
Rising asset capital cost and complexity have resulted in a surge in operational and financial risk, such as the consequences of catastrophic failure. This has intensified pressure from shareholders and regulatory bodies to improve asset lifecycle costing and reporting. Companies have begun to think more strategically about their assets, demand for a more integrated approach has steadily increased. Fortunately, by following Whole of life-cycle cost (WLCC) approach, you can better manage your assets for long-term business competitiveness. This starts with a clearly defined business need for the asset and associated care systems, all the way from design through to decommissioning.
This training focuses on delivering a comprehensive understanding of whole of life-cycle cost (WLCC) of asset ownership through predictive life-cycle cost of ownership modelling. It also addresses the fact that cost is a component of the Whole of Lifecycle “performance” of physical assets because, asset performance over the life cycle involves other dimensions that need to be considered and taken into account. These will be catalogued and evaluated in determining how to effectively account for non-financial elements in the decision-making process with specific regard to how todays’ asset related decisions may impact future organisational risk profiles.
He is a professionally Certified Mechanical Engineer with extensive experience in leading service delivery, operations and maintenance activities and optimising asset contribution to business outcomes; in large multi-facetted infrastructure and asset intensive businesses. Optimising asset performance has always been his focus and he has been able to apply this in leading operations and asset management on multi-billion dollar projects. His track record, which can be fully substantiated through referencing, reflects consistent success in all of these areas over decades.
He was involved in leading small specialised technical teams as well as large operational teams. He considers leadership as a critical operational and business success factor. His focus on optimising asset contribution to levels of service is born out of experience and single-point accountability; is based on integrating asset performance with business drivers and facilitating informed decision making. This is well portrayed in the recent strategy outcomes delivered for Local Government.
His work on asset whole-of-life performance resulted from being the “operator” and recipient of infrastructure that he commissioned and handed over. This resulted in what has been defined as “Value Leakage” and led him to deeper involvement in driving a more holistic approach to managing assets across all lifecycle phases, based on total cost of ownership.
He has published professional papers on Leadership, Service Levels, Asset Management, Leading Successful Change and Outsourcing/Privatisation of Public Sector Assets. His technical and leadership competence with many years of mentoring provides opportunity for imparting knowledge and capabilities to others.
COURSE KEY TAKEAWAYS
- Improved basis for evaluating the value proposition of alternative options for achieving business outcomes, known as “optioneering”.
- Facilitates the opportunity to factor in possible future business specific factors as well as political, economic, social, technical, legal and environmental forecasts and thus provides a basis for more informed decision making.
- Drives effective asset investment outcomes through understanding the balance between capital intensity and operational performance.
WHO SHOULD ATTEND?
- Asset Management
- Asset Manager
- Asset Operations Manager
- Asset Planning Manager
- Asset Health Specialists
- Asset Maintenance Specialists
- Asset Services Manager
- Asset Management Consultant
- Principal Asset Management Specialist
- Asset Health Specialist
- Maintenance Managers
- Maintenance Superintendents
- Maintenance Planners
- Reliability Managers
- Maintenance Consultants
For participation details contact
+971 4 584 5189 (Middle East)
+1 780 851 7197 (Canada)
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