- Location
- Various locations, United Kingdom
- Offices
-
- Location
- Various locations, United Kingdom
- Offices
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Affinity Water Asset Planning Improvement Programme
The Asset Management Assessment (AMA) framework is a benchmark used by Ofwat¡ªthe water industry economic regulator for England and Wales¡ªto assess whether a company is following a best practice approach to prepare its investment needs for capital maintenance.
At price review 2009 (PR09)¡ªwhen water companies set a five-year business plan and corresponding tariffs¡ªAffinity Water (AW) scored the lowest of all English and Welsh water companies. During the run-up to the 2014 price review (PR14), AW commissioned Â鶹´«Ã½ to provide periodic assurance and benchmarking of their asset management and planning approach against Ofwat¡¯s previously defined AMA framework. Following an audit and evidence-based benchmarking, we presented our outputs and recommendation to AW¡¯s asset management director. Subsequently, we provided support and mentoring to AW¡¯s programme manager for asset management improvement. As AW was focused on improvement, they were fully bought into the programme and had executive sponsorship.
This commission supported the improvement of AW¡¯s approach and overall AMA score to exceed 4.0 on a 5-point scale. They were able to receive Enhanced Business Plan status and an early determination from Ofwat for PR14¡ªsaving them money in business planning costs and earning them additional reputational and financial incentives.
- Location
- Various locations, United Kingdom
- Offices
-
- Location
- Various locations, United Kingdom
- Offices
Share
Ken Gedman, Director, Business Consulting
I am passionate about helping clients drive efficiency, reduce risk and enable ongoing development and improvement of services.
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