Utilities are at the convergence of the technology revolution and evolving distributed asset and business processes. When combined with persistent challenges associated with aging infrastructure, an aging workforce and increasing regulatory requirements, today’s utility leaders must identify how to maintain organizational stability, reliability and financial performance.
Holistic enterprise asset management capabilities enable clients to align their people, processes and technologies around strategic objectives and performance outcomes. The benefits are significant and include reduced costs and risk, as well as enhanced customer service and satisfaction, among others.
Black & Veatch asset management capabilities span from single asset evaluation to enterprise optimization and efficiency, combining technical solutions with industry organizational best practices. Specific services include:
- ISO 55000 assessment and implementation.
- Enterprise Asset Management system implementation or optimization.
- Capital Prioritization.
- Risk Management.
Asset management enables utility leaders to understand and apprehend the value of assets in the achievement of their organizational objectives in a manner that balances financial, environmental and social costs, risk, quality of service and performance related to assets.
Institute of Asset Management
Black & Veatch is a corporate member of the Institute of Asset Management (IAM), and is an IAM-Endorsed Assessor for PAS 55 and ISO:55000, the internationally recognized standards for asset management.
As an IAM-Endorsed Assessor, our clients get the benefit of advisors who use proven methods, industry best practices and advanced analytical models to help clients optimize performance. We offer a broad range of asset management services, and maintain a sharp focus on measureable results.