Water companies across the world are under pressure. Water is becoming an increasingly rare and expensive commodity and society is becoming less accepting of wastage by such companies. Regulators are beginning to really shake things up. Demands for reduced cost, reduced leakage and better customer service are driving water companies to tighten their acts and become much better at managing the risks associated with their operations.
The key word is “Resilience” and we think there is something to be learned from the Oil & Gas industry about this in the form of Asset Risk Management (ARM). Our ARM offering is based around a decision-support model made up of a range of interconnected models, services and software supported with governance and assurance. All of these are tried and tested and can be used individually, but the real value of ARM comes when they work together, bringing operational insights to strategic decision making in an informed and risk-based manner.
Watch this recorded webinar to learn:
- The 5 key principles that support asset resilience
- The key decision processes and the robust feedback that enhances performance
- The application of data analytics to predict network unreliability and the modelling of the associated impacts
- The mindset changes that are needed to get ahead of the curve and proactively manage asset risks.
This webinar will be of interest to those responsible for the performance of water networks - asset, operational and business managers – as well as professionals working in applying hydraulic and reliability modelling.
In summary, the ARM model informs a series of critical decisions that deliver improved network performance and resilience. This is an approach used in O&G industry for years. However, in our experience most utility companies seem to struggle to apply it. That is where the opportunity lies.