Asset management

With our asset management support, you can achieve your service delivery targets and meet your regulatory and investment cycles across periods covering 1, 5, 10, or 25 years.

About

You may be a public sector company needing to improve environmental, social and governmental (ESG) strategy across infrastructure. Or you could be a private company needing to drive profitability for your stakeholders.

Whatever you need to achieve, asset management begins with asking questions of your organisation:

What service do you want to deliver?
How are your assets currently supporting the delivery of that service?
How can your assets deliver that service at the right cost within the right timeframe?
How can you get the most value from each of your assets?

Our Asset Management Is:

Production of regulatory price reviews

Asset Management Strategy & planning

Asset Management

Production of regulatory price reviews

About

Regulatory price reviews are critical activities for utility companies. They set the service levels and performance your organisation must achieve alongside the investment levels to be funded through customers' bills, typically for a minimum of 5 years.

To support these activities successfully, you must be able to articulate why certain asset investments are required and provide evidence that this is the best value for stakeholders and customers.

We understand that supporting you requires skills, including robust asset management decision-making, the ability to articulate investment plans compellingly in a range of documentation, and the ability to provide comprehensive data to support the decisions made.

Regulatory framework compliance: Supporting you to comply with your regulatory framework and the evolving regulatory requirements.

Business plan creation: Helping your organisation to assemble its long-term business plans over 5, 10 & 25 years.

Strategic asset management planning: Managing services with minimal investment, strategically allocating resources to high-risk areas, and adopting just-in-time “sweating the asset” investments to optimise asset infrastructure and mitigate risks effectively.

Data management and analysis: Analysing data to understand service risk and asset performance and looking at the optimum solutions and investments to manage these risks cost-effectively.

Submission preparation: Helping you to prepare detailed documents for regulatory bodies, such as OFGEM, explaining how the proposed prices are set based on operational needs and future investments.

Independent peer reviews: Providing independent reviews for your key documentation to ensure compliance with regulatory guidance as part of second-line assurance.

Compliance with evolving standards: Regulatory frameworks are frequently updated to reflect new environmental, safety, and governance standards. You must adapt your operations and strategies to comply with these changes, which can be costly and complex.

ESG requirements: You're under increasing pressure to enhance your environmental, social & governance (ESG) credentials. This includes reducing carbon footprints, managing environmental impacts, and ensuring social responsibility. These factors are increasingly considered in regulatory price reviews, posing a challenge in aligning business operations with ESG expectations.

Investment in infrastructure costs: Your industry faces challenges in managing services with reduced investment, opting to "sweat the asset" and allocate resources where service risk is evident, employing just-in-time investment strategies. Balancing risk while minimising or optimising investment in asset infrastructure is crucial in navigating regulatory constraints and maintaining competitiveness within price caps.

Set your regulatory price review on course to support your organisation's future.

Get in touch

Asset Management

Asset management strategy & planning

About

Asset management strategies and plans for both public and private sectors, focusing on routine business operations rather than strictly regulatory cycles.

When you manage day-to-day asset-related challenges, you need to know how to improve infrastructure in the most time, resource and cost-efficient way. This helps you to optimise your investments and improve service delivery to meet government, stakeholder and ESG requirements while returning more profit.

Strategic planning: Developing long-term asset management strategies that align with your organisation’s operational goals and financial targets. Including optimising technology, finding ways to improve efficiency, planning for routine upgrades and handling unexpected maintenance issues from leaky pipes to system failures.

Data analysis and management: Using data analytics to understand asset performance and predict future needs. This helps you to make informed decisions about when and where to invest in asset upgrades or replacements, ensuring efficient resource allocation and maximising returns on investment.

CSR alignment: Ensuring your asset management plans comply with current regulations and advance your organisation’s Corporate Social Responsibility (CSR) goals, particularly in reducing environmental impact and promoting sustainability.

Consultation and implementation: Working directly with your teams to implement the new strategies and provide ongoing support to ensure that your asset management system is robust, agile, and adaptable to changing business conditions.

Guidance to meet your compliance: Support when navigating regulations to ensure your organisation meets all relevant environmental, safety, and operational standards without compromising on service quality or financial performance.

Balancing cost with performance: Your organisation must optimise its asset management strategies to balance cost-effectiveness with performance, ensuring you maximise asset lifespan and functionality without overspending.

Compliance with regulatory standards: In the public sector, you need to ensure compliance with national and local government regulations, which can often change with political climates. In the private sector, you must meet industry-specific standards that may affect global operations and market access.

Ageing infrastructure: Your ageing infrastructure can significantly impact service delivery, so you need to decide when to repair, replace, or retire assets in a way that delivers the most value in the most cost-effective ways.

Integrating new technology: Implementing new technologies to improve asset management, such as IoT, AI, and predictive analytics, requires substantial investment and change management. You may need support to streamline internal sign-off processes and maintain a competitive advantage.

Set your asset management strategy on course to support your organisation's future.

Get in touch

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