The objective of this masterclass:
Will be to provide an overview of the emergent role that Modern Asset Management is playing in providing frameworks for addressing complex problems.

The class will provide an outline of:
• the emerging role of Asset Management as a “whole of business” approach
• the central role of corporate strategy (and outcomes) as the primary driver of the business (not the assets)
• current “Best Practice” frameworks in use within Australia, New Zealand and overseas
• how modern AM is providing a framework for addressing key industry trends
• practical advice on how AM has been effectively implemented in leading water agencies.

The masterclass has been designed to be of particular interest to senior managers of utility businesses who are responsible for managing the competing demands of a capital intensive business (often in a highly regulated or political environment). The course will provide participants with a better understanding of service outcomes, “best practice” Asset Management frameworks and an indication of how these strategies have been successfully employed to improve the operation of a variety of organisations

8:30 Registration & Coffee

9:00  Course outline and introduction

9:10 The process - evolution of Asset Management

• The journey from “Asset” centric to “Management” centered frameworks
• Outcomes (not assets) as the driver of the business
• Strategy vs. Capacity

10:40  Morning Tea

11:00  The options - “Best Practice” AM frameworks (Aus/NZ and internationally)
 
• Overview of current AM frameworks used in Aus, NZ, UK and elsewhere
• “Process” vs. “Metric” benchmarking
• Peak bodies (AAMCoG)

12:30  Lunch

1:00  The challenges - industry trends

• Changing role(s) of the regulator
1. Regulation vs. commercial strategy and information asymmetry
2. Managing multiple regulators
• Understanding (and managing) the corporate risk profile
• Skills/Capacity (Loss of IP)
• Funding (Show me the money!!)

3:00  Afternoon Tea

3:20  The tools – bringing the pieces of the puzzle together

• Case study - Gold Coast Water’s journey (to date)
• Balancing competing needs/demands
• Getting value from your AM system
• Long term financial forecasting

4:50  Summary and learning outcomes

5:00  End of masterclass

About your Masterclass leader:

Chris Adam, Director, Ramafin Pty Ltd (Head, Asset Management Specialist Network, Australian Water Association)

Chris is a management consultant specialising in strategic business planning, business process analysis, business establishment/improvement and financial modelling. Chris has a degree in engineering, a master’s degree in business administration and has a detailed appreciation of the commercial and non-commercial drivers within government owned utility businesses.

Chris’ particular area of specialty is in the development and application of practical ‘whole of business’ management frameworks for balancing the social, environmental and commercial drivers of the business. 

As head of the Australian Water Association’s Asset Management Specialist Network, Chris represents AWA on the Australian Asset Management Collaborative Group.

» Register now!
» Back to top