Consultancy
Global Learning Consortia
Digital Solutions: Tools & Data Services

Strategic Asset Management

Strategic Asset Management
ohros Strategic Asset Management

Strategic Asset Management

Strategic Asset Management lies at the heart of our business. We support asset-intensive industries throughout the entire lifecycle of their key initiatives – from strategic planning to execution. Our asset management practice helps utilities and energy companies achieve strategic and transformational objectives while maximizing value from their assets.

Our services cover the full spectrum of asset management support, including initial maturity assessments, gap analysis, roadmap development, full-scale transformation programs, and guidance toward ISO 55001 certification.

Working With OHROS Consulting Group

We provide distinct advantages in pilot programs and development compared to (1) internal resources juggling expertise amidst competing priorities and (2) larger firms, which, while competent, often come with higher costs.

Asset Management Baseline Assessments

Evaluating the existing state of a utility’s Asset Management System, including the Operating Model, Processes, Information and Technology, and Culture/Competencies, allows for comparison to established industry standards like ISO 55000 and IAM. This comparison enables the assessment of overall Asset Management maturity. This process identifies specific actions needed to address pertinent gaps, customized to the unique considerations of each utility.

Asset Lifecycle Planning

Incorporates strategic system resiliency and revitalization planning at the macro level, along with the optimization of life-cycle costs for individual assets at the micro level. This involves considerations such as long-term replacement strategy, decisions on repair versus replace, and maintenance strategies. Our methodologies and accompanying analytical tools effectively reconcile the gap between these two perspectives.

Maintenance Program Optimization

Aligned with achieving the appropriate equilibrium of Financial Performance, Operational Performance, and Risk in the comprehensive maintenance regimen. Through this approach, our clients enhance the probability of achieving cost-effective, judicious, and defensible outcomes within predefined funding constraints.

Investment and Program Portfolio Management

We offer centralized management for a group of projects/programs, starting from initial selection through an Investment Portfolio Optimization process to close-out. Our focus is on aiding clients in achieving their strategic objectives. This process, supported by dedicated software applications, ensures strategic oversight in the execution of projects/programs. It guarantees that the combined impact of the delivered portfolio optimizes the balance between value, risk avoidance, and expenditure. This area gains significance due to (1) the expected substantial increase in investment and program funding in the next decade, (2) escalating customer expectations for reliability and responsiveness, (3) the growing necessity to modernize electric systems in the context of the Utility of the Future, and (4) the prevalence of regulatory and environmental mandates.

Asset Management Transformation

Our role in supporting implementation is contingent on established interaction protocols with our clients. We aim to strike a balance between autonomously producing final deliverables (appearing most efficient) and providing clients with input (frameworks, criteria, and approaches) to empower them in producing the products themselves, fostering a sense of “ownership” (most sustainable).

On-going Asset Management Support

Even our most advanced clients maintain a commitment to continuous improvement in operating their Asset Management System. We stand ready to support them in this pursuit, encompassing:

Strategic Asset Management and ISO 55000

ISO 55000 forms the foundation for effective asset management within organizations. This international standard provides a structured framework that enables organizations to manage their assets throughout their entire life cycle – maximizing value creation and supporting the achievement of strategic objectives.

In an era where organizations increasingly depend on complex infrastructure and systems, ISO 55000 offers a proven, systematic approach to managing assets efficiently, responsibly, and sustainably. By applying this standard, organizations can optimize asset performance, enhance financial outcomes, manage risks, and strengthen long-term resilience.

We are uniquely positioned to address all Asset Management related topics. Our approach is rooted in the practical application of ISO 55000 standards, backed by over 15 years of hands-on experience in delivering comprehensive and tangible AM frameworks and driving successful transformations.

We know Asset Management and the ISO 55000 practices, as we were cofounders of the standard for asset-intensive industries. Each year we interact with over 40 companies on a regular basis to align AM performance and discuss leading practices.

IAM Endorsed Trainer and Assessor

We are one of only a handful of firms worldwide endorsed by the Institute of Asset Management as ISO 55000 Assessors / Certifiers and Trainers. In this capacity we can provide on-site training, including IAM qualification training, for project teams aspiring to attain IAM qualifications. We also extend our expertise to organizations striving for excellence in asset management best practices and seeking ISO 55000 certification.

Strategic benefits of the training:

– Aligning the workforce around common Asset Management (AM) terminologies and best practices, particularly as we execute workstreams on the AM Roadmap, including the development of the Strategic Asset Management Plan (SAMP).

– Ensures that your company is building the essential competencies needed for transforming its culture to adopt a holistic, systematic asset management approach.

– A fundamental element of a people strategy to proactively help to develop an effective asset management-focused organizational culture.

– We provide support ranging from small assignments to major transition projects (Asset Management example projects)

What we offer

Workshops (1+1 day)

Strategic Asset Management / ISO 55000 training
Risk & Portfolio Management

Various “management challenge sessions” (2 – 5 days projects)

Assessment AM implementation incl. maintenance strategies
Performance Management (incl. reporting)
Risk & Portfolio Management

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Our approach

Our mission is to empower our clients by enhancing their performance resilience through innovative, best-in-class asset management and business process improvement. We support their journeys of transformation, digitalization, and resilience while instilling our core values and spirit by showing rather than telling.

Value creation focus

Every recommendation ties to measurable financial or operational impact

Systems thinking

We understand the interdependencies across your assets, processes, and people

Change management

Solutions work only when organizations adopt them - we ensure yours do

Our latest insights

Solutions only work when organizations adept them - we ensure yours do

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