Management of Assets Improvement Plan 

2. Capability

1. Industry

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GENERAL DETAILS

CLIENT: A water utility corporation

START DATE: 2016 END DATE: 2017

PROJECT DETAILS

PROJECT NAME: Management of Assets Improvement Plan

PROJECT OBJECTIVE: To project manage the management of assets improvement program.

CAPABILITY:

KEY TASKS:

Establish the terms of reference and governance process for the project.

Research, review and gap analysis.

Determine actions to drive improvement.

Report project progress to the water utility corporation board.

Facilitate an increase in asset maturity level to over 3.0.

PERSONNEL DETAILS

YELLOWSCOPE'S CONTRIBUTION

SERVICES PROVIDED:

DELIVERABLES:

Used agile project management techniques, to manage 19 projects within the Management of Assets scope.

Regular reporting of project progress to the board and management.

Implemented asset management improvement projects.

Outcome

The Management of Assets improvement project achieved the goal of improving the water utility corporation’s asset management maturity score against the Institute of Asset Managements (IAM) asset management framework. This was identified as one of the corporation’s three critical projects for 2016/17.

An independent third-party assessor determined that the water utility corporation’s asset maturity level improved from 1.63 to 3.24 during the 12 months, exceeding the corporations original 3.0 target.

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