Asset Management systems & processes

Key Words: Asset Management Processes | Auditing | Governance & Assurance
Situation:
Asset management systems work on the philosophy that the fundamentals of how value is created safely and legally, can be distilled into a suite of processes. When these processes are clearly defined and detailed, process owners can focus on governance and assurance activities whilst process practitioners are left busy to add value to the bottom line in a coordinated fashion that leverages best practice. Therefore, asset management processes service the strategic intent of executive level asset management plans, which are published and shared by the Senior Management often with the assistance of Business Improvement and Finance Advisors. Some asset management processes are put in place to enable the business, such as managing the supply chain or managing external stakeholder relationships. Some processes act as control framework components, such as change management or the control of work permitting. However, some processes are key to maintaining and growing an assets competitiveness, such as managing product quality, equipment care or increased production optimisation. 
Task:
Take on formal appointment as the asset management site process focal point for the asset on the East coast of Australia, specifically for the perform wells, reservoir and facilities management (WRFM) process. Implement the necessary processes, tools and capabilities to allow process practitioners to deliver top quartile business outcomes relative to competitors in the industry for an asset producing $10b+ of coal seam gas annually. 
Actions:
  • Major contributor to the successful establishment of the local asset process council.
  • Performed annual audits and assurance activities across multiple departments spanning 100+ staff.
  • Used audit and findings to build a comprehensive process performance dashboard across a suite of leading and lagging key performance indicators.
  • Composed a clear and concise strategic asset improvement plan designed to communicate the assets gap to potential for WRFM.
  • Organised and co-hosted WRFM training for over 40+ staff
     
Results:
  1. Top quartile process performance outcomes leading to significant additional revenues (+$m).
  2. Achieved zero process health drift over 4 consecutive years.
  3. Built an engage community of 60+ process practitioners with access to an online community of practice.