Finance strategies for adaptation. Presentation for CANCC
ย
Corrosion Management
1. Increased Sustainability of Corrodible
Assets Through Use of a
Corrosion Management Maturity Model
European Corrosion Management Conference
November 2020
2. Agenda
โข What does sustainability have to do with corrosion
management practices?
โข History of IMPACT PLUS Corrosion Management
Maturity Model (CMMM)
โข What is a CMMM?
3. Sustainability and Corrosion
Management
โ...corrosion management
is, and should be, a key
part of sustainable
business practices.โ
-Materials Stewardship: A Framework for
Managing and Preserving Materials in the
Circular Economy,โ Christopher Taylor &
Andrea Sanchez Sours, Corrosion 2018,
51318-10832
4. Does this sound familiar?
Our organization doesnโt see the connection
between sustainability and corrosion management.
5. How would your organization
answer these questions?
โช Do we too easily accept
corrosion as a cost of
doing business?
โช Does we have sufficient
standardized corrosion
management practices
and protocols company-
wide?
6. How would your organization
answer this question?
Do we have enough two-way communication
between our engineering/construction group and
operations group to ensure new assets are
designed and built with corrosion management
requirements in mind?
7. How would your organization
answer this?
Do we experience unexpected corrosion failures
that could be minimized or eliminated with
consistent and standardized corrosion management
throughout our company?
8. How would your organization
answer this?
Are our corrosion engineers included in
management discussions about operational risks?
9. The crucial questions, do we
want to...
โช Save money?
โช Minimize unexpected
corrosion failures?
โช Improve public safety
and protect the
environment?
โช Enhance shareholder
and public confidence?
โช Benchmark our
corrosion management
practices against our
peers?
โช Increase our
compliance with
regulations?
11. Corrosion Management Maturity Model
(CMMM)
CMMM - A benchmarking tool to answer the
question, โHow well are we doing?โ
Key features of a CMMM:
โช 10 management system domains (areas of
business)
โช 5 maturity levels (defined sets of characteristics)
โช Characteristics (capabilities expected at each
stage of maturity)
12. IMPACT-PLUSยฎ Background
The IMPACT Study launched in 2014, published in April 2016:
โช Updated the global cost of corrosion
โช Assessed corrosion management practices
โช Provided corrosion management templates
โช Included financial tools for Corrosion
Management (CM)
โช Provided a tool for benchmarking CM practices
13. IMPACT Study Critical Findings
โช Continued investment in technology for corrosion control is
required
โช Justify corrosion control actions by business impact (ROI)
โช Change how decisions are made with buy-in from the top of an
organization
โช Incorporation of a Corrosion Management System (CMS)
throughout the total asset life-cycle and integrated into the
overall management system leads to SUSTAINABILITY
14. POL
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STA
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The quick brown fox
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ORG
The quick brown fox
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The quick brown fox
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The quick brown fox
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ACT
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RES
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COM
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The quick brown fox
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CMP
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IMP
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The quick brown fox
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The quick brown fox
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PER
The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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5
4
3
2
1
POLICY
STAKEHOLDER
INTEGRATION
ORGANIZATION ACCOUNTA-
BILITY
RESOURCES
COMMUNI-
CATION
CM PRACTICE
IMPROVEMENT
CONTINUOUS
IMPROVEMENT
PERFORMANCE
MEASURES
CKM
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The quick brown fox
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CULTURE &
KNOWLEDGE
MGT.
Characteristics: Capabilities you
would expect to see at each stage
of the corrosion management
journey
Maturity Levels:
Defined sets of
characteristics
and outcomes
CMMM Key Features
15. Management System Domains
POL
STA
ORG
ACT
RES
COM
CMP
IMP
PER
POLICY STAKEHOLDER INTEGRATION ORGANIZATION
ACCOUNTABILITY RESOURCES
COMMUNICATION CM PRACTICE INTEGRATION CONTINUOUSIMPROVEMENT
PERFORMANCE MEASURES
Policies, associated strategies,
and objectives to address
business needs (including
regulatory, legal, environmental,
and societal)
Quantifiable indication, such as
Key Performance Indicators (KPIs)
to assess and to measure how
well an organization or individual
is achieving desired goals
Alignment to stakeholder needs,
performance monitoring, and
compliance
Structure, interaction model and
internal/external engagement
(vendors/suppliers)
Awareness, knowledge
management, and lessons
learned
Improvement identification,
prioritization, selection,
and change management
Integration into work processes,
alignment to quality and other
disciplines, and incident
tracking/resolution
Roles, responsibilities, and
resource allocation
Competencies, training and
development, and formalization
of job and work requirements
CKM
CULTURE & KNOWLEDGE MGT.
Knowledge capture and
transfer, lessons learned,
content management, sharing
culture
โข Policy
โข Accountability
โข Communication
โข Stakeholder
Integration
โข Resources
โข CM Practice
Integration
โข Performance
Measures
โข Organization
โข Culture &
Knowledge Mgmt.
โข Continuous
Improvement
17. POL
The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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STA
The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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ORG
The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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ACT
The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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RES
The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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COM
The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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CMP
The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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IMP
The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
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The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
PER
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
5
4
3
2
1
POLICY
STAKEHOLDER
INTEGRATION
ORGANIZATION ACCOUNTA-
BILITY
RESOURCES
COMMUNI-
CATION
CM PRACTICE
IMPROVEMENT
CONTINUOUS
IMPROVEMENT
PERFORMANCE
MEASURES
CKM
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
The quick brown fox
jumps over the lazy dog.
CULTURE &
KNOWLEDGE
MGT.
Characteristics: Capabilities you
would expect to see at each stage
of the corrosion management
journey
Maturity
Levels: Defined
sets of
characteristics
and outcomes
CMMM Key Features
19. Key Characteristics And Capability
Statements
โช Key Characteristics are the standard capabilities that an
organization must implement or exhibit within a domain.
โช They provide a framework of characteristics that translate into
specific capabilities statements at increasing levels of maturity
within a domain.
โช Each Capability is a declarative statement to support the
consistent evaluation of its implementation and its independence
from other capability statements within the maturity model.
โช Every capability statement in the CMMM corresponds to a single
question in the CMMM Assessment, the instrument used for
measuring an organizationโs current maturity profile.
20. The VALUE Proposition
IMPACT PLUS Corrosion Management Maturity Model:
โช Provides a platform for corrosion management professionals
who desire to move their company to higher levels of
performance
โช A common language and structure needed to ensure
communication throughout all levels of an organization
โช Easy way for organizations to identify gaps in processes that
could lead to the reduced lifecycle of assets
โช Foundational to an organizationโs goals for a more
sustainable approach to corrosion management
21. Key Take-Aways
IMPACT PLUS:
โช Provides tools for assessing corrosion management
throughout an entire organization.
โช Affords measurement against an industry-created
Maturity Model for a best-in-class corrosion
management program.
โช Allows for creation of a roadmap for a Corrosion
Management Program tied to corporate sustainability
goals.