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Asset management decision-making: The Salvo Process

Asset management decision-making: THE SALVO PROCESS Edited by John Woodhouse Published by the Woodhouse Partnership, 2014 This guidebook explains what it takes to make the right decisions in the management of assets. It covers not just the steps and disciplines required, but also how to create a clear ‘business case’ to justify and communicate the outcomes, so that everyone can agree on what is worth doing, when and why. About the author John Woodhouse is a widely known expert in integrated asset management. He is a Founder, Fellow and Chair of the Panel of Experts for the Institute of Asset Management. He Chaired the BSI/IAM development of the PAS 55 standard for optimal management of physical assets, and was UK Expert Representative in the development of the first International Standard for Asset Management (ISO 55000). He has also led the development of the first published Competences Framework (IAM 2006), and was Programme Director for the European MACRO Project (EU1488) and International SALVO consortium, researching and developing best practices in asset management decision-making and in optimization of life cycle value. John is CEO of the consulting and training organisation, TWPL, providing advice and competency development to most industry sectors in over 25 countries. With a personal background as a senior manager in the oil industry and engineering, he launched TWPL in 1995 with a group of former senior industrial managers from nuclear, oil, utilities, defence and manufacturing sectors. 20 years on TWPL is one of the most experienced international sources of pragmatic advice and implementation support to organisations wishing to improve their asset management. John holds a Masters degree from the University of Cambridge, where he was also captain of the varsity Boat Race crew. He has also skippered a round-the-world sailing yacht and is author of the book 'Managing Industrial Risk' (Publ. Chapman & Hall, 1993). He now lectures widely around the world at conferences and through university and in-house management training programmes. Reviews "The SALVO Project has helped us to identify and demonstrate the optimal timing of asset replacements and the optimal frequency for maintenance interventions. The outputs from SALVO are key components of our ‘Asset Master Plans’: we are now in the best place we have ever been." Geoff Aitkenhead, Asset Management Director, Scottish Water. "Our clients really need processes like SALVO – which provides a consistent, structured and quantified means of evaluating what to spend on their facilities, when and why." Keith Hamer, Group VP Engineering & Asset Management, Sodexo

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