Asset Management

Optimise your asset management

Understanding and developing your asset management maturity will help you connect to and automate a multitude of processes, providing robust compliance and saving significant workforce hours to be reinvested in core activity.

Our self-assessment tool covers database management, CAFM system, capital spend data, asset replacement and selection, and data analytics.

Select the numbers to identify your organisation's maturity level for each question. There are 5 questions in total.

Does your organisation have a comprehensive asset database and linked costs at individual asset level?

No asset data, jobs logged by description of fault at site

Full asset tagging and verification project, mapping into a custom asset database.

Customer has no asset database with limited job and financial data.

Deep dive analysis on current spend and patterns. Advise on target areas of concern and provide outline plan to capture asset data, enabling further savings to be made with informed spec choice.

Customer has sporadic asset data, several years of job data and financials.

Full Assessment of Asset database to enable cleanse and update. LCC overview run to review current specification and impact costs. Strategic Review of job data to produce resource utilisation reporting.

We have full asset data and several years of job data from CAFM system and robust financials.

Full Lifecyle Costing project carried out. Enabling Asset review, Budget planning, Strategy Reviews, Manufacturer Spec review driven by full cost of ownership by Asset Make and model.

We have a robust asset database and 5+ years of cost and engineering time data logged at an individual asset level

Full Lifecyle Costing solution potential. In addition advanced methodology used to provide forecasted spend across 1-3-5 years to allow robust planning and early procurement

Does your organisation have a computer aided facilities management system that has the ability to capture job related data including cost and engineering time at asset level?

Customers organisation does not have a CAFM system. All maintenance activity dealt on a re-active basis

Scoping and support in selection of a fully integrated CAFM systme with abilities to log at asset level. Review of cost data and utilisation of benchmarking tools to target broad efficiency opportunities

Basic system in place logging activity at a main asset type level and not at individual asset level

Scoping and support in selection of a fully integrated CAFM system with abilities to log at asset level. Review of cost data and utilisation of benchmarking tools to target broad efficiency opportunities

We have system in place that has capabilities to capture cost, engineering time and activity at an asset level. System is not currently utilised across all asset types

Data analysis and benchmarking of asset types captured at main asset type level were data permits. Scoping and support for additional expansion into full asset groups

We have a recognised platform that has is capturing maintenance activity, cost and compliance at an asset level. Data is not held in a central repository

Support in alignment of data prior to a full resource utilisation project, labour loading carried out using job and resource detail by discipline, Capacity plan produced.

We have a recognised platform that is robustly capturing costs, planned and re-active time and compliance at an asset level, feeding data into a central repository

Full resource utilisation project, labour loading carried out using job and resource detail by discipline, Capacity plan produced. Benchmarking on efficiency and cost

Does your business capture capital replacement and project investment spend at asset level

Our organisation does not keep track of asset financial transactions. Assets are replaced on a needs only basis. Large projects records not held

Scoping of systems for data capture. Advice and support on transition strategy for Lifecycle Management

Capital spend data is cost data only and no detail of works undertaken

Scoping of tools for capture at asset level, top level assessments on spend per sq ft for benchmarking and comparative analysis

Capital data is held at a main level only, not detailed into asset level

Scoping of an asset based capture system and analysis works over a main asset type level to help identify trends and future requirements

We have 5 + years of robust capital spend data held in segregated platforms

Scoping of a central data warehouse allowing implementation of an LCC platform for project identification and future planning

We have 10+ years of project data detailing spend at asset level detail held in a central repository

Analysis and targeting of potential projects and future forecasting

Is asset performance and reliability information used in the selection of assets to be replaced and the specification of assets in your business

Replace assets at end of life when a repair is not possible or parts can not be sourced on a re-active basis

Scoping of capital business planning and Lifecycle cost tools

Asset replacement is driven from ad hoc requests from field management teams

Scoping of capital business planning and Lifecycle cost tools

Asset replacement decisions made from informed field visits and not data driven. Selection of asset specification driven by manufacturers given data

Scoping of capital business planning and Lifecycle cost tools

Asset replacement decisions driven from informed views of equipment condition from manual data reviews and field condition reports

Implementation of automated targeting tools to identify the most appropriate equipment and assets to be replaced

We have a robust asset replacement program driven by targeted business planning and lifecycle cost tools

Micro analysis to be carried out at manufacturer/model level and benchmarked against City's Asset library to measure performance and recommend best cost of ownership model

What tools are in use to help decision makers select assets for use and replacement

No analytics or reporting for asset management in place

Support with business case and build requirements for analytics platforms.

Asset replacement based on age profiling data only with no further feeds from performance and condition

City Solution: Demonstrate existing CITY AI/ML products, perform gap analysis to drive requirements, Capture relevant telemetry or historical data to produce initiative program

Segregated systems and data delivering ad hoc reports from in standard reporting formats such as Excel

Develop requirements for central data warehousing and build requirements for reporting and analytical tools on a common platform

All data held in a central repository and fixed tools utilising standard methods of data presentation such as Power BI

Feasibility review on potential for integration of advanced analytics such as AI/ML to drive decisions on investment and inform maintenance strategy

Advanced analytical tools in place that use AI/ML principles to support equipment specification and recommendations for replacement. Prescriptive and predictive modelling integrated into planned maintenance regimes

Your organisation is at the highest level of maturity, continual vigilance and dialogue on industry best practices and innovation

Recommendations

Your Score

Asset Database Management
CAFM System
Capital Spend Data
Asset Replacement and Selection
Data Analytics
Our Solutions

Maturity Model