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The Seven Pathways

The seven pathways are:
1. Problem Asset or System
Applies asset management principles to the management of a single problematic asset, asset group, or system Can deliver immediate benefits for problematic parts of a network or system 
2. CIP Validation
Applies asset management principles to investment decision making and identifies projects that could be deferred, removed, or re-evaluated for inclusion in the Capital Improvement Program (CIP).

Savings include:
  • debt service on deferred and abandoned projects;
  • improved use of capital; and
  • operations and maintenance costs.
Good for organizations that are becoming overwhelmed by growth and renewal capital projects, with high debt/equity ratios and increasingly less able to raise finance.

Provides a sanity check on the size and content of the CIP through the application of a consistent, structured approach to evaluating projects using:
  •  confidence level ratings assessments;
  • risk exposure scores, and
  • lifecycle cost analysis.
Demonstrates the business case for applying asset management principles to the capital investment planning process.
3. Existing AM Processes & Practices
Pilot study to assess management principles in known process problem areas:
  • risk assessment;
  • optimized maintenance planning;
  • capital investment validation;
  • automation of operations activities;
  • data management;
  • optimized renewal decision making; and 
  • condition assessment.
Good for organizations with robust processes and an understanding of where investment in change can deliver the greatest benefits. 
4. Full Needs Analysis
Good for establishing a clear corporate roadmap and business case.
 
Assessment of current performance against best practice – processes, practices, organization, people issues, information systems, data and knowledge.
 
May also involve a diagnostic on the operations and maintenance functions.
 
Identification of improvement projects and development of business cases.

Development of an implementation schedule/program.
5. Information Systems
Good for organizations considering implementing an Enterprise Resource Planning System, an Enterprise Asset Management System, or upgrading a maintenance management system.
 
Around 70% of system implementations fail because of inadequate change management and matching of the system configuration to the process support or functionality requirements of the organization. Sets the foundation data and systems functionality in place for ongoing analysis and decision making – tactical (day to day operations and maintenance planning and execution) and strategic planning.
6. Modified Gap Analysis
SAM Gap or a more sophisticated analysis (depending on the size of the organization and level of asset management capability) identifies top ten “quick win” projects. Business cases are prepared for those projects and implementation proceeds.

Doesn’t require a full level of competence or understanding across all silos before consensus to proceed is obtained.
7. Step By Step AM Plan
Produces a basic Asset Management Plan (AMP) for the entire asset portfolio.
 
Good for all organizations.
 
Brings together a tangible deliverable from the asset management process.
 
Engages all levels of the organization, including elected representatives, customers and stakeholders (if desired).

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Options for Getting Started   Choosing a Pathway - Selection Criteria