Asset Management
Utilities
Management of Assets Improvement Plan
To project manage the management of assets improvement program.
Key tasks
Establish the terms of reference and governance process for the project.
Research, review and gap analysis.
Determine actions to drive improvement.
Report project progress to the water utility corporation board.
Facilitate an increase in asset maturity level to over 3.0.
Deliverables
01Used agile project management techniques to manage 19 projects within the Management of Assets scope.
02Regular reporting of project progress to the board and management.
03Implemented asset management improvement projects.
Outcome
The Management of Assets improvement project achieved the goal of improving the water utility corporation’s asset management maturity score against the Institute of Asset Management’s (IAM) asset management framework. This was identified as one of the corporation’s three critical projects for 2016/17. An independent third-party assessor determined that the water utility corporation’s asset maturity level improved from 1.63 to 3.24 during the 12 months, exceeding the corporation’s original 3.0 target.
Personnel
Ray Komatsu
Principal Consultant
Ben Furness
Director & Asset
Management Lead