УПРАВЛІННЯ АКТИВАМИ | КОНЦЕПЦІЇ ТА ПРИНЦИПИ (частина 1) | Клуб "Новий Рівень"

Introduction to Asset Management

Overview of the Discussion

• The speaker welcomes colleagues and expresses gratitude for their participation in the meeting.

• The topic of discussion is asset management, focusing on understanding its application in management and how to derive benefits from it.

Understanding Asset Management

• While the concept seems clear, there is a lack of dedicated strategic direction for effective asset management within organizations.

• Various components exist, such as repair management and financial oversight, but they often operate separately rather than as a coordinated effort.

Methodological Guide on Asset Management

Resources Available

• A methodological guide titled "Asset Management" is available on the organization's website, which includes tools for formulating effective asset management strategies.

Key Factors for Effective Management

• Important factors must be considered when managing assets effectively; these include both what needs to be accounted for and how to utilize them purposefully.

Importance of Focused Attention on Asset Management

Need for Greater Emphasis

• There is insufficient attention given to asset management within the overall enterprise management system; understanding how to manage assets effectively can yield significant benefits.

Standards and Framework

ISO 55000 Standard

• The discussion references ISO 55000 standards related to asset management, emphasizing that this framework provides detailed insights into effective practices.

Definition and Scope of Assets

Broader Perspective on Assets

• Asset management should encompass all investments made towards achieving organizational goals, not just physical properties like buildings or equipment.

Value Creation through Assets

• The primary goal of utilizing assets should be value creation aligned with business objectives.

Historical Context of Asset Management

Evolution Over Time

• The speaker intends to explore the historical development of asset management concepts and relevant documentation that shaped its current understanding.

Challenges in Defining Asset Management

Complexity in Definitions

• Searching online yields various interpretations linked primarily to investment and financial aspects rather than a cohesive definition focused on strategic asset management.

Core Elements of Asset Management

Essential Characteristics

• An asset is defined as an object with actual or potential value; managing these involves balancing costs, risks, opportunities, and benefits derived from activities associated with them.

Identifying Organizational Assets

Unique Perspectives

• Each organization may have different views on what constitutes an asset based on their specific context; thus, identifying valuable assets requires tailored approaches.

Business Continuity Considerations

Ensuring Operational Stability

• Addressing elements related to business continuity is crucial; ensuring uninterrupted operations (e.g., power supply for online work environments).

(t=839s] Historical Significance of Asset Management Concepts

Long-standing Practices

• [](t=839s] Historically, attention has been paid since ancient times regarding safe usage and maintenance of certain assets; however, formal terminology emerged only in the 1980's.

The Evolution of Asset Management in the Oil and Gas Industry

Origins of Asset Management Concepts

• The concept of asset management began in the UK, particularly within the North Sea oil and gas industry, following a catastrophic oil platform disaster that led to significant price drops in the 1980s.

• To address these challenges, dynamic multi-disciplinary teams were established to manage individual oil platforms effectively.

Lifecycle Approach to Asset Management

• These teams managed assets considering their entire lifecycle, which fostered innovation and continuous improvement in operations.

• This approach resulted in enhanced efficiency, safety, and productivity across platforms.

Collective Management Strategies

• A clear understanding emerged regarding specific asset management practices that included collective management strategies for each platform's structure and operational state.

• Key components included maintenance protocols, technology integration, regulatory frameworks, personnel requirements, and safety conditions.

Challenges Faced by Public Sectors

• In the 1980s, Australia and New Zealand's public sectors experienced declining service levels leading to increased costs and poor planning.

• This situation prompted strategic planning initiatives aimed at improving service quality while managing costs effectively.

Development of Asset Management Guidelines

• In 1993, Australia and New Zealand published their first guidelines on asset management for the public sector.

• The U.S. followed suit with a significant publication in 1988 titled "Fragile Foundations," which influenced federal policies on asset management focused on achieving desired service levels at minimal lifecycle costs.

Expanding Asset Management Beyond Traditional Boundaries

Broader Adoption Across Sectors

• Since then, asset management concepts have permeated various sectors beyond oil and gas.

• However, many organizations still view it primarily as technical maintenance rather than a comprehensive strategic approach.

Transition from Tactical to Strategic Thinking

• There has been a shift towards understanding assets strategically rather than just tactically managing equipment performance.

Full Lifecycle Consideration

• Effective asset management requires evaluating each asset throughout its full lifecycle while transitioning from individual assets to systems of assets.

Framework for Integrated Asset Management Systems

Establishment of IAM Organization

• The International Asset Management (IAM), founded in 1994, began collaborating with other organizations from 2002 onwards to develop integrated asset management standards.

Key Publications and Standards

• Significant publications include PAS 55 (2004), updated editions thereafter, culminating in ISO 55000 series standards introduced starting in 2014.

Core Principles of Asset Management

• Four fundamental principles underpin effective asset management: value creation, compliance with regulations, leadership commitment, and assurance processes.

Decision-Making Focus

• Emphasis is placed on decision-making throughout an asset's lifecycle as critical for achieving organizational goals.

Understanding Organizational Value and Asset Management

Defining Value in Organizations

• Each organization must identify what constitutes value for achieving its goals, emphasizing the importance of setting clear objectives.

• Both tangible and intangible elements should be considered, including reputation, customer satisfaction, and ecological responsibility when identifying assets.

• For production organizations, physical assets like machinery are crucial; transport organizations must consider vehicles and routes as part of their asset system.

Comprehensive Asset Consideration

• In transportation, it is essential to account for not just the vehicles but also infrastructure such as tracks or roads that facilitate movement.

• The entire transportation system—including transfer systems and passenger placement—should be viewed as a collective asset contributing to operational efficiency.

• Components like ticket purchasing systems and schedule accessibility are integral parts of the transportation asset system.

Tools for Visualizing Value Creation

• Two key tools help visualize organizational value: the value stream mapping from lean manufacturing and the value chain focused on competitive advantages.

• The value chain visually represents interconnected activities aimed at creating consumer value while differentiating between organizational value creation and consumer offerings.

Measuring Organizational Value

• Organizational value can be measured through profit in profitable entities or service worth in non-profit organizations; assets play a role in supporting this value creation process.

• Identifying existing assets begins with understanding how they contribute to creating consumer value through specific activities within the organization.

Aligning Assets with Strategic Goals

• The identification process should focus on valuable activities rather than arbitrary selections; understanding their contribution to strategic goals is vital.

• Concentrating on activities that generate consumer value allows for effective asset allocation that supports these initiatives.

The Importance of Alignment in Asset Management

Ensuring Purposeful Activity

• Activities related to asset management must align with strategic plans; without this connection, they may be seen as unnecessary burdens rather than essential components of success.

Recognizing Strategic Connections

• There is often a disconnect between asset management activities and strategic objectives, leading to misallocation of resources towards maintenance instead of growth-oriented investments.

Understanding Compliance in Asset Management

• Compliance involves integrating asset management with strategic goals; failure to do so results in viewing expenditures merely as costs rather than investments linked to future opportunities.

Importance of Asset Alignment for Success

Understanding the Chain of Assets

• The success of achieving goals relies on a clear alignment between assets and objectives.

• Without this alignment, it becomes challenging to comprehend how each asset contributes to overall goals.

Transforming Strategic Goals into Actionable Policies

• A strategic vision can be decomposed into policies, strategies, and management goals directly related to asset management.

• This process cascades down into specific plans and actions for managing assets effectively.

Key Elements in Leadership

Core Values in Leadership

• The four essential elements discussed are value, compliance, leadership, and assurance.

• Assurance encompasses both quality aspects and ongoing activities within an organization.

Defining Leadership's Role

• Leadership is crucial for establishing rules that guide organizational behavior and culture.

• Effective leadership transforms basic principles into a culture that fosters skill development over time.

The Relationship Between Leadership and Quality Assurance

Establishing Rules through Leadership

• Successful leadership requires political will to create necessary rules for compliance and value creation.

Quality as Compliance with Requirements

• Quality is defined as meeting requirements; it’s not merely about physical attributes but adherence to established norms.

• Ensuring quality involves implementing policies and processes that guarantee compliance with these standards throughout the asset lifecycle.

Lifecycle Management of Assets

Understanding Asset Lifecycles

• The lifecycle of any asset begins from its initial concept through to its disposal or recycling phase.

Stages of Asset Lifecycle

• Key stages include need identification, acquisition, operation, maintenance, replacement or disposal—each tailored based on specific organizational needs or industry practices.

Future Directions in Asset Management

Upcoming Discussions on Asset Management Models

• Future sessions will explore a conceptual model for international asset management standards (ISO 55000).

Framework Overview

• Six thematic groups encompassing 39 factors will be introduced to provide a comprehensive understanding of effective asset management practices moving forward.

Conclusion: Holistic View on Asset Management

Integrating Asset Management into Organizational Strategy

• A holistic approach considers all aspects of asset management as part of the broader strategy for achieving organizational goals while minimizing unnecessary expenditures related to assets.