ASSET MANAGEMENT PROGRAM PLANNING
One of the top-level responsibilities of a utility is planning, operating and maintaining its infrastructure and assets. Best-in-class utilities optimize asset performance by:
- Understanding the value of existing assets and their criticality
- Utilizing asset management information to drive major capital improvement decisions
- Understanding cost of replacement and funding
- Achieving desired levels of customer service
- Managing remaining service life to optimize life cycle costs
- Designating asset management accountability (individual or organizational)
- Developing annual predictive and preventive maintenance plans
Effective asset management planning aligns
with the utility’s Strategic Business Plan, Capital Improvement
Plan, Facilities Master Plan, IT Master Plan, Employee Skill Development
Plan and others. Westin collaborates with you to develop a practical
asset and maintenance management strategy and implementation plan aligned
with your specific business goals. Westin’s proven planning process
includes:
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Visioning: Where do you want your utility to be? Westin works with you to describe how your utility will look in the future.
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Knowledge Transfer: Westin helps you understand principles and terminology of asset and maintenance management. Then we work with you to apply this knowledge to assess what your organization requires to achieve your vision.
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Strategies: Westin helps you define achievable program strategies that you can implement to make your vision a reality.
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Processes: Streamlined business processes save time and money. We collaborate with you to define efficient work flows to align with new business processes and technologies.
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People: People are your most important assets. We partner with you to optimize your organization for high efficiency and identify skills development program elements.
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Information Technology: Informed asset management decisions require information from many core systems. We work with you to identify the systems and integrations necessary to meet your goals.
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Actionable Plans: Moving from vision to implementation requires a robust plan. We collaborate with you to prioritize a sequence of projects that address the people, processes and technology components of your program.
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Metrics: To gauge improvement, Westin helps you identify what to measure and how to track it.