We're heading towards an integrated future where BI & analytics, performance, financial forecasting, asset modelling & planning and strategic investment modelling are all intrinsically linked - how do we embrace this?
2. How many possible options?
• Roll one die - has 6 possible outcomes (61)
• Roll two dice - there are 6*6 (=36) outcomes (62)
• Roll three dice - there are 6*6*6 (216) outcomes (63)
• For 50 assets:
• 5km of road split into 100m segments or lengths
• 50 poles or
• 50 lengths of water pipe.
– with 4 possible interventions/treatments pa and
– to plan for 10 years, there are,
– 20010 options (102,400,000,000,000,000,000,000)
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5. What do you need to succeed?
• Clear line of sight
with good data
• People – skills and
capability
• Process – correct
processes
supported by
appropriate
systems
• Intelligence – able
to explore and
identify the optimal
plan
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The Aim: Efficient financial, investment and operational decision making
6. Benefits Delivered from Asset Investment Planning
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Efficiency Savings
• Less spend to achieve the same service by comparison with
traditional siloed methods.
Improved Level of Funding
• Increases to regulatory settlements
Improved Customer Service
• Reduction of service failures
More Efficient Planning
• Move from data intensive, manual process to automation
• Speedier re-calculation of different scenarios
ISO 55000 and Delivery of Best
Practice
• Provides “line of sight” between asset strategy and
operations
• Clients judged as industry leading
7. An integrated future
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Asset & Project Investment Decisions
External
Priorities
Dashboard Management
Accounts
Strategic Asset
Management System
(ERP/EAM/Works
Management/Asset Register)
Financial and
Accounting System
Real-time Data
Capture
Geographical
Information
System (GIS)
Field Force /
Mobile Workers
Data Hub
Ad-hoc
Spreadsheets
and Databases
BI/Analytics
PerformanceMonitor
Financial Forecasting and
Planning
Strategic Investment
Modelling, Forecasting
and Planning
Asset Investment
Modelling, Forecasting
and Planning
Spreadsheet
deterioration
model
Integrate or Replace Existing Models
8. Concluding Comments
• Asset rich organisations face the challenges of:
– higher customer service levels expectations,
– pressure from stakeholders and regulators,
– environmental challenges and, increasingly
– less budget to achieve these objectives.
• Efficiencies can be delivered by using modern prescriptive analytics
which provide the ability to:
– manage investment decisions within and across asset classes, as well as
– understand the impact on cost, risk and performance.
• Those companies that have embraced Enterprise Decision Analytics
have derived significant benefits from improved funding, better
governance and cost savings associated with better investment
decisions
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