July 2019

THE WOODHOUSE PARTNERSHIP

FEATURES:• HOFOR triumps at IAM Awards

• CTEEP keep their competitive advantage

• Mutual Energy chooses TWPL to go beyond ISO 55001

• Salto Grande adopts ISO 55001 for Uruguay hydroelectric complex

• Joining forces with US conference experts Go2Learn

• USA starts to embrace international Asset Management standards

• Large Public Power Council, USA

• Case study of optimal decision-making: MODEC, Ghana

• Saudi Arabian plant uses SALVO Process to optimize its shutdown intervals

• Online learning partnership with The IET

• Common factor in IAM Award finalists

HOFOR triumps at IAM Awards Lise Tarp-Johansen, Programme Manager of HOFOR in Denmark, (pictured left) was recognised internationally as she was selected as the outright winner of the IAM Individual Award for ‘Transforming asset management despite the absence of any burning platform, business urgency or regulatory obligation’.

The motivation to adopt asset management usually requires a pressing business need, a regulatory or other external obligation, or a passionate senior executive ‘sponsor’. HOFOR the largest public utilities company in Denmark, had none of these: it achieves good service levels, has generally benign regulators, adequate financing and a collegiate leadership group. Nevertheless, and largely owing to the insight, influencing skills and tenacity of the programme manager, Lise Tarp-Johansen, the company has adopted a major transformation programme to introduce asset management concepts and business processes, including new competencies, culture and tools, simply ‘because it is the right thing to do.’

Strongly supported by senior management and a growing team of fast-learning champions, Lise and her team have guided HOFOR’s business units to understand and agree that asset management is the way forward. This has already resulted in new methods for decision-making, risk management, asset renewal justifications and supply chain/spares strategies. The critical success factors included Lise’s project management and team energy, the ‘home-owned’ workstream and the collaboration with widely-experienced subject-matter experts TWPL.

Read the HOFOR case study www.twpl.com/library-case-studies/

For more stories on TWPL’s clients who were recognised in the IAM Achievement awards, see the back page.

CTEEP keep their competitive edge ISA CTEEP is regulated electricity transmission company with a 30-year concession to deliver power to more than 50 million people in the South East region of Brazil.

As part of the international ISA Group, CTEEP was encouraged in 2016 to develop its asset management capabilities. So the organisation contracted subject matter experts, The Woodhouse Partnership (TWPL), to review existing maturity, and to develop and facilitate implementation of a value-prioritised Asset Management roadmap.

ISA CTEEP has clearly demonstrated that building and embedding an asset management system in a particular style can deliver outstanding business benefits. The customised mix of targeted training in underlying concepts, interwoven with personalised focus on addressing real issues and prioritised opportunities, has worked extremely well. This has delivered multi-million $$’s of verified benefits at the same time as achieving a radical change in atmosphere, behaviours and corporate culture, all in just 24 months.

Read the full case study

www.twpl.com/library-case-studies/

CTEEP planning team for Strategic Asset Management

www.twpl.com www.twpl.com

A must-have guidebook for good decision making - 2nd edition out now This guidebook explains what it takes to make the right decisions in the management of physical assets; not just in the steps and disciplines required, but also how to create a clear ‘business case’ to justify and communicate the outcomes, so that everyone can agree on what is worth doing, when and why. Revised edition (hard copy and e-book) now includes StAMP (Strategic Asset Management Planner) - the final SALVO (Strategic Asset Lifecyle Value Optimization) step 6. The assembly of all the tasks that have been justified, either individually or collectively. Step 6, and the DST StAMP module of the decision support tools, provide the consolidatedbudgets for capital investments, for operating costs and for resource planning.

Buy a copy now at

www.twpl.com/ decision-support/

From left to right: Neil Johnston, Interconnector Support Engineer, Mutual Energy, TWPL’s Principal Consultants Gabriel Kirwan and Peter Jay, and Pamela Colgan, Gas Asset Engineer, Mutual Energy

USA starts to embrace international Asset Management standards

The USA is hungry for better methods to manage complex, aging assets and infrastructure. So the national standards body ANSI has been part of developing ISO 55000 since 2012 (participating member of ISO TC 251 committee). The Government Accountability Office (GAO) is also promoting this standard for the management of all US public sector assets. Furthermore, TWPL is seeing a growing number of US organisations realising that modern asset management involves a lot more than just good ‘equipment maintenance’. Working with clients in transport, energy, water/wastewater utilities, petrochem, municipalities and manufacturing sectors, TWPL has been at the forefront of spreading this understanding.

From our North America office near Richmond, Virginia, we provide unrivalled local and international experts for Asset Management needs analysis, education, routemapping and implementation support for real transformation projects.

Contact Norman Haggie on (804) 732 8626 or norman.haggie@twpl.com

Salto Grande adopts ISO 55001 for Uruguay hydroelectric complexTWPL and regional partners Levin Global, have been awarded a contract to deliver an asset management ISO 55001 assessment and prioritised roadmap, for Salto Grande’s hydro generation and transmission power businesses across Argentina and Uruguay.

Salto Grande is a bi-national organisation created by the Argentine Republic and the Eastern Republic of Uruguay. They produce and supply electricity through the use of the Uruguay River and effectively manage the Salto Grande hydroelectric complex. They also play a significant part in the socioeconomic development and integration of the two countries.

Gabriel Sardi, Gerente de Ingeniería y Planeamiento, Salto Grande commented: ‘We have a diverse asset portfolio, so choosing the right team who have a depth of asset management knowledge and decades of experience, to help us implement improvements across our hydro generation and transmission businesses, is key to the project’s success.’

The project involved conducting an asset management assessment and gap analysis against the requirements of ISO 55001:2014 and good asset management practices, a prioritised roadmap for closing the gaps, a business case of potential costs and benefits of the roadmap implementation. TWPL deployed its assessment methodology to establish the current state of each site across Brazil and Argentina. This provided Salto Grande with the insight it requires to develop its asset management maturity and close any gaps.

Read the full press release at www.twpl.com/news/

Case study of optimal decision making: MODEC GhanaTWPL recently completed an assignment with MODEC Ghana Limited (MGL) to improve methods for evaluating Capex projects using the SALVO Process and DST ASSET STRATEGY EVALUATOR™ software tools. Like many organisations, MGL requires all asset Change Proposals to have a quantified business case, with defined cost/benefit criteria for different types of projects e.g. efficiency/ process improvement/HSEQ. However it is difficult to establish the ‘level playing field’ for widely different investment options, risks and opportunities. This is where SALVO helps: it sorts out the priorities, helps to clarify the underlying issues, and provides the methods for quantifying different benefit types, including intangibles. And the DST tools enable real-time ‘What if?’ evaluation of different options and strategies, generating a clear audit trail for why a particular proposal is worthwhile, or not.

Potential financial benefits delivered so far from the management of changes reviewed $11,550K over a 20 year planning horizon, through selecting only projects which meet the financial business case criteria. TWPL leads the field in the integration and implementation of

cost/risk/performance optimization techniques for maintenance, inspection, inventory, shutdown and whole life costing strategies. This, together with our 20+ years of practical experience working within asset intensive industries makes us uniquely positioned to help MGL successfully achieve very significant business performance improvements.

Contact Richard Riley on

+ 44 (0) 1635 298800 or richard.riley@twpl.com

Large Public Power Council, USA The Large Public Power Council is a meeting ground for the CEOs and CFOs of major electricity companies in USA. It meets, in closed sessions, biannually. However, for their recent meeting in San Antonio, Texas, John Woodhouse, CEO of TWPL, was honoured to be invited, along with Todd Buchholz (Former White House Economic Policy Advisor) to participate and contribute.

At a global, national, industry sector and individual organisation scale, challenges were shared and discussed. Todd warned the CEOs of the ‘Price of Prosperity’ and national dangers of short-term focus and isolationism. The next day, John spent two hours with the CFOs, expanding on the concepts, scope, stages and sustainable benefits of an integrated approach to Asset Management. He commented: ‘Plenty of debate and interest was evident – so we can hope that US electrical utilities will increasingly be at the forefront of raising standards in their whole life cycle management of complex, critical US infrastructure’.

Contact Norman Haggie on (804) 732 8626 or norman.haggie@twpl.com

Saudi Arabian plant uses SALVO Process to optimize its shutdown intervalsFollowing a successful initial study in October 2018, a major petrochemicals plant in Jubail, Saudi Arabia has commissioned TWPL to develop a site-wide shutdowns and turnaround strategy, using the leading-edge SALVO Process and DST Schedule Optimizer toolkit. This provides a bottom-up justification and cost/risk optimal ‘bundling’ of what work is worthwhile and when. It invariably reveals very significant opportunities for cost savings, risk reductions and reduces plant downtime. On average, this process is yielding 25-50% reduction in planned downtime for such plants – in line with our similar experience in HV electrical networks, manufacturing and oil/gas production facilities.

DST Schedule Optimizer uses AI methods to identify the optimal alignments and opportunities for coordinating inspections, maintenance, asset renewals and modification projects.

For further information see

www.decisionsupporttools.com/ salvo-in-shutdown-strategy-optimization/

Mutual Energy chooses TWPL to go beyond ISO 55001 TWPL is delighted to win a contract with Mutual Energy (MEL) to provide an asset management maturity assessment and strategic roadmapping support to exceed ISO 55001 requirements.

MEL was formed as a mutual organisation in 2005, to develop and operate energy infrastructure for the long-term interests of all energy customers in Northern Ireland. In particular, this includes ownership and operation of Northern Ireland’s energy links with Great Britain. Having no shareholders, any financial surpluses are assigned for the benefit of Northern Ireland customers. This, combined with long term secure finance, has allowed the company to manage major energy assets at a very low cost.

Sam Gibson, MEL Moyle Interconnector Operations Manager, commented: ‘We have chosen TWPL because of their depth of asset management knowledge and worldwide experience, and will be able to support our intention to go beyond ISO 55001 and towards asset management excellence.’

Read the full press release www.twpl.com/news/

Joining forces with US conference expertsTWPL has recently gained a new external training partner and joined forces with Go2learn in North America, hosting events in Houston, New York, Utah and Denver.

For those just starting their asset management journey, TWPL professional asset management training courses are available for individuals at public training venues and can be arranged for corporate in-house deliveries too.

TWPL is an IAM Endorsed Trainer and Assessor, and is also an exam partner to The IAM and is able to offer online examinations.

Contact us to discuss and see our list of public course dates

being held in UK, North America, Middle East, and Europe at: www.assetmanagementacademy.com/calendar-3/

Salto Grande Hydroelectric Complex

Large Public Power Council meeting in February 2019

The Woodhouse Partnership Ltd Prince Henry House Kingsclere Park Kingsclere Newbury RG20 4SW United Kingdom

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What’s the most common factor behind the finalists at the IAM Achievement Awards?ANSWER: more finalists were facilitated, trained and supported by TWPL than by any other consultants or service providers.With an unprecedented number of applicants to the 2018 IAM international Achievement Awards, and more categories than ever before, it was gratifying to see TWPL clients so consistently acknowledged for their outstanding successes. We counted 4 runners up and 1 outright winner among the 2018 awards:

Lise Tarp-Johansen, Programme Manager of HOFOR in Denmark, was recognised internationally as she triumphed as the outright winner of the IAM Individual Award for ‘Transforming asset management despite the absence of any burning platform, business urgency or regulatory obligation’. The runner up in the Individual category was Víctor Diez-Valencia, Technical Leader for the ISA Group, based in Colombia, for his role in ‘Turning the supertanker: getting a major multinational utility to adopt asset management as a core competency’.

Sergio Jaramillo, the young ‘Thematic Leader’ from Colombian power transmission company INTERCOLOMBIA, was runner up in the NxtGen category for his rapid development and pivotal role in introducing cost/risk optimization methods for asset renewal decision-making.

Renato Bossolan, Project Manager for CTEEP, was runner -up, in this case, for the prestigious Innovation Award for ‘Achieving major culture change in just 18 months through the introduction of Asset Management’.

Read full the press release and case studies online

www.twpl.com/

Online learning partnership with The IET We have reached an agreement with The Institution of Technology and Engineering (IET), to develop an Asset Management course for their online academy.

The course will be specifically aimed at their 168,000 members, who will have access to customised asset management online training from TWPL Asset Management Academy. It offers IET members a flexible and convenient way to maintain their Continuing Professional Development in a vital subject area.

The IET Academy’s courses are developed in partnership with leading academic and industry organisations and we are delighted to have been chosen to develop their Asset Management course.

Contact Luc Juffkins on

+ 44 (0) 1635 298800 or luc.juffkins@twpl.com

NEW: IAM publishes Strategic AM Planning (SAMP) guide TWPL has led the development of a new guidance document, published by the IAM, to help in developing and maintaining a Strategic Asset Management Plan (SAMP).

The guide explains the role of a SAMP within an ISO 55001-based management system. It also clarifies organisational priorities, aligns stakeholders and delivers the best possible value to the organisation. TWPL also offers training and facilitation support for organisations seeking to develop or refine their strategic AM plans. If you need some assistance in this area, please contact us.

To buy a copy online visit

www.twpl.com/strategic-asset-management-plan/

And we got one ourselves, too!John Woodhouse, TWPL Managing Director, was personally recognised at the IAM dinner, with the presentation of the IAM President’s Award for exceptional services to the Institute for over 20 years and, in particular, his recent development of guidance on Asset Management Maturity and Excellence. John has made a significant and sustained contribution to the IAM’s work and development of the Asset Management discipline.

John’s roles have included leading the development of the first ever asset management standard (BSI PAS 55), representing the UK as Subject Expert on the ISO Committee responsible for upgrading PAS 55 into the full International Standard, ISO 55000.

He has authored 3 books and various IAM subject guidance documents, the first Asset Management Competences Framework, the Asset Management Maturity Scale and Guidance and a new

guidebook for Strategic Asset Management Planning (SAMP).

To learn more about John Woodhouse go to

www.twpl.com/who-we-are/twpl-asset-management-experts/

John Woodhouse (pictured left) with IAM President, Chris Newsome, OBE