- Location
- Calgary, Alberta
- Offices
-
-
Client
-
-
Confidential
-
- Location
- Calgary, Alberta
- Offices
- Client
-
- Confidential
Share
Asset Management Assessment and Risk-Based Capital Prioritization Framework
In today¡¯s evolving business climate, utilities are faced with shifting priorities when it comes to investing in the needs of their assets. Knowing how to improve capital decisions to perform critical work on these assets at the right time is crucial. Our utility client¡¯s Asset Management (AM) planning group wanted to improve their existing processes, data, and tools, using a risk-based approach to help them prioritize capital work. They engaged us to help with this continuous improvement initiative¡ªthat was driven by a shift in the utility regulator¡¯s view of justifying capital work, the need for internal knowledge transfer among expert planners, and leveraging planned technology upgrades. ?
To identify goals for the utility that supports the client¡¯s long-term objective to make data-driven capital decisions, we performed our work in three phases¡ªidentifying objectives, assessing the current state of the utility, and defining the future state, informed by results of an industry scan and insights from subject matter experts. Our team performed a gap analysis to identify incremental initiatives that would guide the client towards a future state with a vision for a systematic, risk-based approach that supports a capital prioritization framework. Key to this analysis, we considered the ripple effects that AM planning changes could have on other business groups within the organization, such as wildfire risk management, IT, and field operations. Collaboration was critical to the success of this project, and we held several workshops with the client to understand their current and desired future state.
This analysis lays the groundwork for the client to make strategic decisions based on a risk-based prioritization methodology. With their organization¡¯s strategic goals tied to the utility future state and guidance supporting both implementation and sustainment, the client can work toward achieving the broader 2035 goals of their industry.
- Location
- Calgary, Alberta
- Offices
-
-
Client
-
-
Confidential
-
- Location
- Calgary, Alberta
- Offices
- Client
-
- Confidential
Share
Mike Fiorini, Director, Energy
As a consultant, we must connect with our client¡¯s toughest strategic challenges¡ªit¡¯s our greatest opportunity to deliver lasting value.
Berend van Middendorp, Senior Energy Management Consultant
Inspiration and imagination can help us develop our goals. Data and information will guide us toward achieving them.
Peter Nearing, Principal, Senior Energy Management Consultant
Our team finds the best ways of achieving the ¡°how¡±¡ªit¡¯s critical in helping our clients operationalize and sustain their solutions.
Grace Selinger, Strategic Management Consultant
My approach to solving problems is asking the right questions at each step. Challenging assumptions to arrive at resilient solutions.
We¡¯re better together
-
Become a client
Partner with us today to change how tomorrow looks. You¡¯re exactly what¡¯s needed to help us make it happen in your community.
-
Design your career
Work with passionate people who are experts in their field. Our teams love what they do and are driven by how their work makes an impact on the communities they serve.