Seeking Excellence

Is your organization ready to go Beyond Competence?

We can help you and your organization reach Asset Management Excellence – including how to recognize what this means in your circumstances and the business case (or value opportunity) for delivering it.

Once you have joined things up in a cohesive and integrated way...

…how far can you, and should you, then take it?

…how can you recognize and demonstrate that you are reaching the limits of what’s possible and worthwhile?

…can you force a wider and more holistic consideration of capabilities and performance?

The benefits of Seeking Excellence

First-class Organizational Competencies

Organizations need to excel in asset management. Getting the basics right, such as investment and maintenance, is crucial for ensuring the reliability and functionality of critical infrastructure.

Added
Value

Going beyond the minimum requirements in asset management can yield significant added value benefits. This includes improved sustained performance outcomes, which can have a substantial positive impact on the economy and organizations.

Return
on
Investment

Physical, intellectual, and other assets represent a substantial portion of a nation's GDP. Even a small improvement in Return On Net Assets (RONA) for a major corporation can result in billions of dollars in additional value.

Meeting
Stakeholders Expectations

Clean water, electricity, and transportation systems etc are often taken for granted until they fail. Asset Management excellence can protect your brand and reputation from a lack of investment or maintenance.

Positive
Contribution

Recognition
&
Reward

Organizations should aspire to achieve excellence in asset management. In today's environment, where assets are interconnected and their value is significant, striving for excellence is essential to deliver the best possible value to society and the economy.

While it may not be worthwhile to strive for ‘Excellence’ in all dimensions of asset management, there are many aspects where this should be the goal, supported by an appropriate business case to justify the effort versus the value obtainable. Any improvement in asset management needs to align with and complement ongoing corporate initiatives and objectives.

Remember that best practices should align with your organization’s overarching goals and adapt to changes in its environment. By taking a thoughtful and tailored approach, we can help you identify and implement excellence that will help your organization thrive in its unique context.

The Institute of Asset Management (IAM) Maturity Scale ‘Bowtie model’

The Asset Management Maturity Scale is a framework used to assess and measure the maturity of asset management practices within an organization. The maturity scale ranges from «Innocence» to «Excellence» and helps organizations understand where they currently stand in terms of asset management maturity and identify areas for improvement.

©IAM

The IAM Maturity scale of Competent (and/or ISO 55000 Certification) should not be considered the endpoint of an organization’s achievements within their asset management journey, in-fact, they are only halfway there.

We can assist your company in reaching the other end of the bowtie model – including how to recognize what this means in your circumstances and the business case (or value opportunity) for delivering it.

Beyond Competence Workshop

We will guide you through introducing the case for excellence and why reaching the higher levels of maturity requires different skills and an expanded view of asset management practices and integration.
Contact us to find out more.

The Woodhouse Seeking Excellence program

As each organisation’s asset portfolio and operational context are unique, and each also has a particular «best possible value» target profile, it is not a requirement to achieve excellence at all levels for your organisation. Our programme components have been developed to involve a variety of disciplines from across the business to enhance the specific asset management capabilities identified.

Organizations may choose all, or component parts, of the Woodhouse Seeking Excellence programme to suit their objectives or manage specific areas of attention. The programme offers…

Part 1 – Beyond Competence Workshop: How to achieve the Asset Management Standard of Excellence. (1 day public)
- How the NEW 10-box model can help organizations go beyond ISO 55000:2024 to the optimum degree of sustainable value.
- Practical insights into the updates and changes made and how they can be applied.
- How to recognize what this means and the business case (or value opportunity) for delivering it.

Part 2 – The Pathway to Excellence Workshop (a 2-day in-house overnight facilitated workshop designed to establish the extent of, and appetite for, improvability with the organization’s existing asset management system
- Provide the context for maturity improvements (Leadership) and vision of what ‘excellence’ represents.
- Create a deeper understanding of value to the organization (and trade-offs) and potential improvement areas
- Develop initial ideas for solutions and action plans

Part 3 – Seeking Excellence Gap Analysis and Roadmap; we recommend that the organization builds upon the outputs and energy from the Pathway to Excellence workshop and commences the journey toward outstanding asset management.
- Phase 1: Gap Analysis – a diagnostic piece to sort out the different ‘improvability’s’.
- Phase 2: Roadmap Development – an iterative and joint consolidation of actions through a challenge, combination, and refinement process.
- Phase 3: Communications, education, and competency development; delivery of presentation material detailing the process, outputs, and business cases alongside phased corporate training.

Start your organization’s personal pathway to excellence today.

Back to Consultancy Services

Decision Support Tools

Decision Support Tools Ltd develops, supports and customizes the best tools, processes and training for asset management decision support in over 40 areas of typical problem-solving.

SAMP Guidebook

Practical advice for the development of a Strategic Asset Management Plan. The SAMP is a planning tool to clarify intentions, priorities, and practices to be adopted.

Implementation Support

Woodhouse offers extensive first-hand, multi disciplined experience in putting the pieces together and building a robust, coordinated and personalized way forward.

Seeking Excellence

Once you have joined things up in a cohesive and integrated way...