This framework is developed by a team of former McKinsey and Big 4 consultants. The presentation follows the headline-body-bumper slide format used by global consulting firms.
This product (Enterprise Asset Management [EAM] Strategy) is a 24-slide PPT PowerPoint presentation slide deck (PPT), which you can download immediately upon purchase.
Companies in asset-intensive industries have long sought to manage huge investments in assets more effectively. Yet, after significant investment of time and money in formal Asset Management programs, this often fall short of delivering the promised benefits of more reliable assets, lower costs, and improved safety. Too often, executives are not sure why the benefits have not materialized.
Companies often concentrate its efforts on technology upgrading without addressing underlying problems. The latest technology solution will never enable companies to manage assets effectively. A successful EAM Program must begin with the right strategy for managing assets and then focus on the people, processes, and technology to carry it out.
This frameworks provides a defining perspective and exploration of Enterprise Asset Management (EAM) and the 3 core components of a successful EAM Program.
A well-structured EAM Program incorporates these 3 disciplines that are tightly integrated. However, companies often fail in the implementation due to failure to develop an effective EAM strategy.
This deck also includes slide templates for you to use in your own business presentations.
This PPT provides a comprehensive overview of the critical components necessary for a successful Enterprise Asset Management (EAM) strategy. It emphasizes the importance of integrating asset management, maintenance management, and workforce planning to achieve optimal asset performance and cost efficiency. The framework also highlights the need for a robust Target Operating Model (TOM) to address key aspects of the EAM program, ensuring alignment with organizational goals and regulatory requirements.
The EAM strategy outlined in this document is designed to help organizations navigate the complexities of asset management, from technology implementation to stakeholder engagement. It includes practical templates and tools to support the development and execution of an effective EAM program. This resource is essential for executives looking to enhance their asset management capabilities and drive long-term value from their investments.
This PPT slide outlines the essential components of an Enterprise Asset Management (EAM) Program, emphasizing its structured approach. It identifies 3 key areas: Asset Management, Maintenance Management, and Workforce Planning. Each component plays a crucial role in ensuring the effective lifecycle management of assets.
Asset Management focuses on the comprehensive planning and management of assets from their inception to decommissioning. This includes overseeing major maintenance activities and ensuring that assets are utilized efficiently throughout their lifecycle. Maintenance Management is about executing both preventive and reactive maintenance tasks, which are vital for minimizing downtime and extending asset life. Workforce Planning addresses the human resources aspect, ensuring that the maintenance workforce is effectively managed to meet operational demands.
The slide also highlights common shortcomings organizations face with their EAM Programs. It notes that many organizations struggle with poor strategy development, inadequate stakeholder management, and ineffective processes. These issues can lead to insufficient change management and training, data management problems, and a lack of integration with supply chain operations.
Understanding these components and challenges is critical for organizations looking to enhance their EAM capabilities. A robust EAM Program can lead to significant operational efficiencies and better asset utilization, ultimately maximizing the benefits derived from asset management initiatives.
This PPT slide presents a framework for developing an Enterprise Asset Management (EAM) strategy, emphasizing the importance of a Target Operating Model (TOM). It identifies 6 core components essential for a comprehensive EAM approach. Each component is interconnected, suggesting that a holistic integration is crucial for effective implementation.
At the center of the model is the concept of Organizational Culture, which underpins all other elements. Governance and Decision Making is highlighted as a critical area, prompting organizations to reflect on their decision-making processes. This is essential for aligning strategic objectives with operational execution.
The slide also addresses Processes, urging organizations to define the services they provide. This clarity is vital for understanding how to optimize operations. Technology is another key component, focusing on the tools necessary for executing capabilities efficiently. The emphasis here is on ensuring that the right technological infrastructure supports the overall strategy.
People are identified as a crucial factor, with a focus on the skills and competencies required to drive the EAM program. Organizations must assess their human resources to ensure they have the right talent in place. Organization itself is another core aspect, which involves structuring the company effectively to support the EAM strategy.
Finally, Performance Measurement and Reporting are essential for evaluating both organizational and individual performance. This component ensures that there are metrics in place to gauge success and areas for improvement. The slide suggests that a robust EAM program is anchored in these interconnected components, driving program execution excellence.
This PPT slide outlines the essential components of an effective Enterprise Asset Management (EAM) program, emphasizing the interplay between 3 critical elements: the Asset Management Plan, the Asset Management Team, and the supporting Processes and Technology.
At the core is the Asset Management Plan, which serves as the foundation for managing assets throughout their lifecycle. It includes key activities such as acquiring assets, maintaining and monitoring them, refurbishing when necessary, replacing outdated assets, and overseeing financial management. This structured approach ensures that assets are not only utilized efficiently, but also aligned with the organization's strategic goals.
Adjacent to this plan is the Asset Management Team, responsible for executing the strategies laid out in the plan. This team plays a pivotal role in ensuring that the processes required for effective asset management are in place. Their expertise is vital in navigating the complexities of asset management and ensuring that all activities align with the overall business objectives.
Processes are depicted as the mechanisms through which the asset management strategies are implemented. These processes must be clearly defined and tailored to the specific needs of the organization to ensure seamless operation.
Finally, Technology acts as the backbone that supports both the team and the processes. The right technological tools are essential for data management, monitoring, and reporting, enabling informed decision-making.
The slide effectively conveys that for an EAM program to succeed, these components must work in harmony, ensuring that asset management aligns with operational and business needs.
This framework is developed by a team of former McKinsey and Big 4 consultants. The presentation follows the headline-body-bumper slide format used by global consulting firms.
For $10.00 more, you can download this document plus 2 more FlevyPro documents. That's just $13 each.
ABOUT FLEVYPRO
This document is part of the FlevyPro Library, a curated knowledge base of documents for our FlevyPro subscribers.
FlevyPro is a subscription service for on-demand business frameworks and analysis tools. FlevyPro subscribers receive access to an exclusive library of curated business documents—business framework primers, presentation templates, Lean Six Sigma tools, and more—among other exclusive benefits.
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.
Trusted by over 10,000+ Client Organizations
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
Read Customer Testimonials
"As a consultant requiring up to date and professional material that will be of value and use to my clients, I find Flevy a very reliable resource.
The variety and quality of material available through Flevy offers a very useful and commanding source for information. Using Flevy saves me time, enhances my expertise and ends up being a good decision."
– Dennis Gershowitz, Principal at DG Associates
"Flevy.com has proven to be an invaluable resource library to our Independent Management Consultancy, supporting and enabling us to better serve our enterprise clients.
The value derived from our [FlevyPro] subscription in terms of the business it has helped to gain far exceeds the investment made, making a subscription a no-brainer for any growing consultancy – or in-house strategy team."
– Dean Carlton, Chief Transformation Officer, Global Village Transformations Pty Ltd.
"I have found Flevy to be an amazing resource and library of useful presentations for lean sigma, change management and so many other topics. This has reduced the time I need to spend on preparing for my performance consultation. The library is easily accessible and updates are regularly provided. A wealth of great information."
– Cynthia Howard RN, PhD, Executive Coach at Ei Leadership
"I am extremely grateful for the proactiveness and eagerness to help and I would gladly recommend the Flevy team if you are looking for data and toolkits to help you work through business solutions."
– Trevor Booth, Partner, Fast Forward Consulting
"As a young consulting firm, requests for input from clients vary and it's sometimes impossible to provide expert solutions across a broad spectrum of requirements. That was before I discovered Flevy.com.
Through subscription to this invaluable site of a plethora of topics that are key and crucial to consulting, I
have been able to exceed expectations and deliver quality advice and solutions to my clients. The quality and expertise of the authors are exemplary and gives me great confidence to use as part of my service offerings.
I highly recommend this company for any consultant wanting to apply international best practice standards in their service offerings.
"
– Nishi Singh, Strategist and MD at NSP Consultants
"[Flevy] produces some great work that has been/continues to be of immense help not only to myself, but as I seek to provide professional services to my clients, it gives me a large "tool box" of resources that are critical to provide them with the quality of service and outcomes they are expecting."
– Royston Knowles, Executive with 50+ Years of Board Level Experience
"As a consulting firm, we had been creating subject matter training materials for our people and found the excellent materials on Flevy, which saved us 100's of hours of re-creating what already exists on the Flevy materials we purchased."
– Michael Evans, Managing Director at Newport LLC
"I have used Flevy services for a number of years and have never, ever been disappointed. As a matter of fact, David and his team continue, time after time, to impress me with their willingness to assist and in the real sense of the word. I have concluded in fact
that it is not at all just a repository of documents/resources but, in the way that David and his team manage the firm, it is like dealing with consultants always ready to assist, advise and direct you to what you really need, and they always get it right.
I am an international hospitality accomplished senior executive who has worked and lived during the past 35 years in 23 countries in 5 continents and I can humbly say that I know what customer service is, trust me.
Aside from the great and professional service that Flevy's team provide, their wide variety of material is of utmost great quality, professionally put together and most current.
Well done Flevy, keep up the great work and I look forward to continue working with you in the future and to recommend you to a variety of colleagues around the world.
"
– Roberto Pelliccia, Senior Executive in International Hospitality
Receive our FREE presentation on Operational Excellence
This 50-slide presentation provides a high-level introduction to the 4 Building Blocks of Operational Excellence. Achieving OpEx requires the implementation of a Business Execution System that integrates these 4 building blocks.
Click main image to view in full screen.
