Asset lifecycle management

Solutions to improve asset value, risk and cost 

Capital-intensive industries share a number of challenges in managing their physical assets - budgetary constraints, regulatory insight, maintaining the value of the asset over its lifecycle and managing operational, safety and environmental risks.

Defence faces added complexity due to its national security mission, the need to operate within the Commonwealth’s regulatory and accountability framework, and the unique nature and interconnectedness of many Defence assets. Defence assets also traditionally have lifecycle durations measured in decades, which presents unique asset management challenges.

Taking a whole-of-life perspective

Asset lifecycle management is an improved way of managing the asset portfolio. By adopting a whole-of-life view rather than making decisions based solely on the objectives of the current lifecycle phase, we can help Defence clients balance operating versus capital expenditure and maintenance versus renewal decisions.

Asset Management can improve Defence’s ability to:

  • achieve success in military tasking
  • reduce the risk of assets not being available when and where required
  • optimise availability of assets to meet customer demand cycles
  • build a balanced military portfolio for the future
  • make the most out of every dollar invested
  • link Defence strategy with effective asset use
  • clarify accountability, authority and responsibility
  • make whole-of-life decisions faster and with more confidence
  • increase transparency in decision making
  • clearly identify the Total Cost of Ownership (TCO) of their assets.

Improving asset performance, risk and cost

We can help improve asset performance while reducing both risk and cost, and offer an integrated suite of innovative asset management solutions across the entire asset lifecycle.

We can help Defence:

  • define needs, plans and strategies for the acquisition of new assets
  • maximise the performance and availability of in-service platforms, systems and facilities
  • work with industry partners to achieve better outcomes
  • reduce asset lifecycle costs and risks
  • define and implement enterprise asset management (EAM) systems, processes and culture.

Asset management systems

ISO 55000 provides a basis for any asset-intensive organisation to model and measure the effectiveness of their asset management systems.

We can:

  • assess current asset management system against ISO 55000 requirements
  • work to achieve ISO 55000 certification
  • design and implement asset management systems or components that align with ISO 55000
  • develop asset management policies, strategies, objectives and plans that support organisational strategic goals.

Improving asset reliability and performance

Asset reliability and performance is directly affected by the strategies that are put in place for initial procurement and ongoing maintenance.

We can:

  • create tailored maintenance and support strategies during the initial asset acquisition phase, ensuring that the correct maintenance methodology is applied in each situation
  • conduct an assessment of current performance and identify opportunities for improvement
  • undertake reliability and availability improvement initiatives based on the Reliability-Centred Maintenance 2 (RCM2) and Total Productive Maintenance (TPM) methodologies
  • review operations and maintenance organisational design
  • provide expert support on maintenance systems (with particular reference to SAP Plant Maintenance and Materials Management modules)
  • undertake comprehensive change management programs.

Contact us

PwC Australia

General enquiries, PwC Australia

Tel: +61 2 8266 0000

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