What can Asset Management Do for Your Business? A Network Rail Case Study

About this event

The management of physical assets throughout their lifecycle plays a key role in determining the operational performance and profitability of industries that operate assets as part of their core business. Asset Management is now emerging as a professional discipline in its own right and deals with the optimisation of physical assets by applying a cross-discipline approach to achieve the best net sustained value-for-money throughout the asset lifecycle.

This presentation aims to cover some of the principles of asset management, the aims and objectives of the Institute of Asset Management, its links to the IET and their relevance to those already employed in related industries. The background of the BSI Publicly Available Specification for the optimised management of physical assets (PAS 55) will be explained together with benefits (and disbenefits) of compliance and explore issues "beyond PAS55 compliance" and the work on the ISO Project 4.

The speaker will then draw from his own experiences of implementation of Asset Management within Network Rail, a regulated industry, the challenges faced along the way, the benefits delivered to date and some of the remaining frustrations.There will be ample time for audience questions and discussion.

About the Speaker

Andrew joined Railtrack as business development manager for the North West of England. Responsibilities included the development of long term asset management plans and the identification of capacity and capability opportunities to enhance the network. Andrew was appointed as head of asset knowledge in 2001 for Railtrack HQ before moving to his current role as head of technical planning soon after the creation of Network Rail in 2002.

Andrew’s current responsibilities are wide-ranging, providing a pivotal link between business strategy development and asset management implementation. Andrew has played a key role in establishing the discipline of asset management with Network Rail.

Andrew is a chartered engineer, has a Masters degree in business management and is a board member of the Institute of Asset Management. Andrew started his career by joining British Gas North Western in 1976 after graduating from Manchester Universitywith a degree in Mechanical Engineering. Working within the high pressure gas transmission division he was involved in the design and construction of enhancements to the network. Andrew moved to British Gas HQ in 1981, involved in the development of technical strategies and standards. Returning to the North Westin 1984 Andrew held a variety of planning and operational roles before being appointed as district operations manager in 1994 for Transco, responsible for the stewardship of a part of the network supplying 750,000 customers.

Programme

17:30 - 18:30 Registration with finger buffet and light refreshments
18:30 - 20:00 Presentation and discussion
20:00 - 21:30 Networking and Wine reception

IET Andrew Newby 19 May 2010