Managing Performance in Asset Management with Scott Kelley

In this episode of the weekly podcast, the guest Scott Kelley explains the 5th cell of the Hexcellence Model. All of the previous cells of this hexagon are connected to each other and are equally important when it comes to getting the superior asset management outcomes. But when it comes to achieving optimum results for the company some sort of performance measures must be done and each of the factors involved in determining the performance level must be taken care of. Not only that you need to understand these factors deeply, you need to relate them to your baselines for budget and time as well. In this way, you will be able to meet the expectations and standards that ultimately lead to focused improvements in the long run. Now, these measures will change the behavior of your organization. So, you have to be careful while using any metrics for measurement to get those numbers that will determine the behavior of your people. A good performance metric is always balanced to avoid any counter-productive outcomes. You can create as many metrics as you want but unless those are aligned with your strategic goals, they won’t be of any help at all. That’s why all the metrics that you use should be fit for purpose—meaning that look at the overall picture and make the indicators in a comparative fashion if you want those to make sense.
ᐅ Play Episode

Importance of People in an Asset Management Model with Scott Kelley

In this episode, the guest Scott Kelley explains the role of the people component in the asset management model. Asset management is the most effective way of making the best use of investment and improve the production level of any organization. There are total six components in the model; people, plant, processes, policies and procedures, performance, and proactive maintenance. The people factor is of top priority among all of these factors. Why is the people component most important? Well, considering even if you have excelled in every other cell, you are going to need people to manage all of these and above all well trained and skillful people to make this work. Now, this cell in the model contains things such as organizational development, organizational structure, continuous improvement, change management, and operational excellence.
ᐅ Play Episode

Stakeholder Analysis and Management with Tara Holwegner

In today’s episode, the guest Tara Holwegner explains the role of stakeholders and the management in an organization. It is very common that many new projects and big initiatives take place in the organizations but most of these don’t succeed or generate results as expected even if they have the potential. The problem in these cases is the little transfer of information, lack of communication, and incoherent business objectives. [Read more…]

The ABC’s of Asset Management with Scott Kelley

In today’s episode, our guest is Scott Kelley and the discussion is about the ABC’s of the asset management. Most of the organizations fail in the implementation of this process or they don’t get good results. That’s why they need to follow the ABC’s of Asset Management. These are:

A – Always have the “RIGHT” executive sponsor

B – Before you begin have a vision or model of the finished product or outcome

C – CONSTANT & CONSISTENT implementation.

These principles are key to the success of any Asset Management Program.

ᐅ Play Episode

An Asset Management Discussion with James Reyes-Picknell, Part 2

This is second of 2-part episode of the Rooted in Reliability podcast which will give you a detailed insight about where to start with the asset management and then how to take it all the way out. Firstly you really need to understand this concept completely that what’s and what’s not the asset management. The first episode covers the Asset Management and the role of ISO 55000 in it.
ᐅ Play Episode