How to build a better business case for utility asset investment planning
Effective asset investment planning practices are important to your utility but how can you quantify their return on investment? This webinar will supply you with a benefits framework.
When planning investments, you must focus on realising the maximum value from your assets, while ensuring that your utility is managing risk, service levels and demand on resources.
As highlighted in a previous Engerati-Copperleaf webinar, you can derive the greatest value when you implement asset management practices recommended by ISO 55000, and align your decisions with your strategic objectives.
Over the past 10 years, Canadian decision analytics company Copperleaf has collected a robust dataset on the benefits of Asset Investment Planning and Management (AIPM) capabilities through its work with over 30 utilities globally.
Copperleaf has aggregated these examples and created a ‘benefits framework’ that will allow you to more effectively describe and quantify the benefits of AIPM to internal and external stakeholders.
In this webinar, we will present this research for the first time, and highlight how utilities have applied this framework to develop their own business cases.
A few examples of the results energy companies have achieved from enhancing AIPM capabilities include:
- A large Canadian power utility was able to reduce the time spent on day-to-day planning activities and drastically reduce the time spent evaluating changes to its investment portfolios.
- A US power utility increased the value of its portfolio by $42m. These value improvements included $9m of hard financial savings and $33m in reliability and safety improvements.
- A federal power agency responsible for funding the capital and O&M programmes for 31 hydropower plants convinced its funding agencies to approve an 18% increase in capital budget to offset risks inherent in ageing infrastructure and assets.
What will you learn?
This 60-minute webinar will shed light on both the science and the art of asset management. Even where the benefits are clear, there is often a discrepancy in the perception of those benefits, especially when organisations lack effective asset management leadership.
You will gain an understanding of how asset investment planning and management will bring your utility hard and soft financial benefits.
Who should attend?
Senior utility executives responsible for asset management, planning and performance, strategy and regulation. The webinar is also relevant for VPs and directors of engineering, operations, and finance.