Beyond PAS 55- Effective risk based Asset Management
Hosted by UMS Group
Excelling at Asset Management, lays the foundations for business performance. Increased pressure from regulators and customers, compounded by the impact of the credit crunch require businesses to demonstrate effective risk based approaches to the management of assets. Over the last years PAS 55 has quickly gained the attention of regulators and major utility companies throughout Europe. Both OFGEM and OFWAT have given their support to PAS 55 and there is a growing number of companies adopting PAS 55 recognising asset management excellence as a critical element of their business process.
However meeting the criteria of PAS 55 is only the formal path to certification. The real challenge for utilities lies in securing risk based asset management in the entire organization, from Strategy to Operations.
Masterclass programme
This masterclass will give an overall insight in the PAS 55 requirements. Moreover it will provide practical experiences from within the industry and will increase your understanding of good practise risk based asset management; How to align work orders and programs with the associated risks and the business values and corporate objectives reflecting stakeholder requirements.
This masterclass will:
- Give an overall insight into PAS 55 requirements, scope and coverage
- Address why good asset management is essential in for capital intensive businesses like the water sector
- Understand the purpose of asset management as well as get to know current context and key challenges
- Get familiar with the best practice asset management framework around operating model, processes, enabling technology and information management, and culture and competences
- Increase your understanding of ‘best practice’ risk based asset management
- Provide practical experiences and case studies from within the utility industry
- Give an insight how to create a mind shift towards doing what is really necessary for the asset, away from what given maintenance schedules and available resources tell us to do
- Provide an asset management organisational model where key business roles and responsibilities are clearly defined and separated
- Demonstrate how to align work orders and programs with associated risk and business values
This masterclass has been designed for utilities only
The masterclass is for all utility delegates who have registered for the conference. Space at this masterclass is strictly limited and seats are reserved for utilities only. Register today to secure your space.
Price: €200 excl 19% Dutch VAT
Join the PAS 55 Group on LinkedIn
This is a group for professionals both in-house practitioners and consultants globally dealing with PAS 55. The purpose of this group is to connect people in the utility industry to share knowledge and ideas and to provide a platform to discuss topics related to PAS 55 and asset management. Click here to join the PAS 55 Group.
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