KPMG European Congress On Asset Management Brussel March 2012
- 1. The 1st European congress on Asset Management: Success through a common approach organized by the KPMG Europe LLP Asset Management Competence Center, the Institute of Asset Management (IAM), the Institution of Engineering and Technology (IET) and the Belgian Maintenance Association (BEMAS). The 1st European Congress on Asset Management took place in Brussels at the Hotel Marivaux on 27 March 2012. Daniël Pairon, responsible partner of the KPMG Europe LLP Asset Management Competence Center and one of the patrons of the Institute of Asset Management, chaired the meeting, whose purpose was to highlight the advantages and practicalities of maintaining effective Asset Management systems for asset‐intensive companies. The approximately 120 attendees represented a range of industries from Power & Utilities, petrochemicals to public transportation and came from several European countries, the Americas and the Middle East. They heard speakers approaching the subject of Asset Management from various perspectives. One view was expressed by a professional body representing specialists worldwide dedicated to furthering knowledge and understanding of Asset Management. The management consultants approached the subject from a structural context, explaining that companies constructing their Asset Management systems can succeed by developing and implementing the needed building blocks. A third perspective of Asset Management implementation came in the form of a company case study, whose actions in improving its Asset Management system highlighted the importance of a clear understanding of corporate strategy, commitment, planning and attention to detail in achieving objectives. How to Deliver an Infrastructure Investment Plan in an Uncertain Future Richard Hawkins of SEAMS Ltd, a UK Asset Management consultancy explained how SEAMS, a UK‐ based Asset Management software provider, collaborated with Duena, a Dutch water company, to design, develop and implement an investment planning system. The key objectives of the project were: to improve the Asset Management decision making process to create a system that conforms to ministerial guidance on performance metrics to involve the Board in the strategic Asset Management decisions to maintain a sustainable balance between cost, performance and risk The Fundamentals of Quantitative Analyses Dr Erwin Kienegger, representing the consultancy S&G Asset Management, stressed the importance of data quality in formulating an Asset Management plan. Dr Kienegger suggested using all the data available to the organization and to pick them up at the highest level of detail. He explained the power and added value of quantitative analysis, supported by the LCC AMQM software, in relation to:
- 2. qualitative maintenance analyses time span analyses life span analysis maintenance effect analyses Quantitative analysis lead to substantial Opex and Capex optimization, without decreasing the performance of the assets or increasing the risks. Savings, on average, of 5‐10% in maintenance and 10‐20% in investments are realistic. Dr Kienegger focused on the need for organizations to construct an asset database containing all this information as fundamental to a transparent decision process. The Asset Management Landscape One of the most prominent features in the field of Asset Management has been the development of common Asset Management methodologies. Richard Edwards, a Board member of the Institute of Asset Management (IAM), associated the growing realization of the role Asset Management has within an organization with the proliferation of training courses in the field and the increase in standards, particular to Asset Management (e.g., PAS 55, ISO 55000). Edwards underlined the benefits of comprehensive training in the many subjects that define the scope of Asset Management, these include: greater access to guidance and leading practice material help in aligning the thinking that is influencing the global asset community Asset Management Standards Ir. Kris Laureys, senior manager of the KPMG Europe LLP Asset Management Competence Centre presented a full review of the PAS 55 standards whose scope includes every sort of asset an organization can invest in: physical assets, it assets, intangible assets (reputation, image), financial assets and human assets. He said that the purpose of the PAS 55 standard is to establish the asset management policy, strategy, objectives, plans and performance measures needed to deliver results in alignment with the overall corporate strategic plan. It is also designed to help businesses by raising the bar for Asset Management competency. In the business case for PAS 55 certification, Mr. Laureys pointed out that asset intensive organizations that are certified can expect a better return on investment, cost savings, an internationally recognized benchmark, enhanced corporate governance and improved risk management. Mr. Laureys also mentioned the importance of the support and the real added value of a PAS 55 expert / auditor during your journey. Case study: Customer‐focused Asset Management at Evides Boris Neefjes, Manager Maintenance and Technical Support at the Dutch water company Evides with multiple locations, explained how his company translated different customer needs at each location