Modern asset management revolves around four key elements: value, alignment, leadership, and assurance. First and foremost, assets should contribute value to the organization. If not, they become liabilities. Therefore, asset management actions must be aligned with the strategic objectives of the organization.
Leadership is key to ensure the organization understands and is empowered to deliver on these objectives. Finally, controlled processes and a robust risk management framework will offer internal and external stakeholders the assurance that the organization’s assets will indeed fulfill their required purpose.
In this article featured in the Spring 2017 issue of Western Energy magazine, Copperleaf CMO Boudewijn Neijens discusses each of these topics in more detail, and highlights the benefits of implementing a rigorous, systematic, transparent, and defensible investment decision-making framework.
WEI’s quarterly publication is available on their website: Spring 2017 Issue: Operational Excellence.