Investment of resources in managing assets is required to provide a great level of service for our customers. The use of asset criticality is a key approach to optimising such investments.
This year Barnewall Resources has seen an increase in work in the area of criticality analysis. We have been assisting a major water utility with the implementation of a framework and methodology that was collaboratively developed last year. It’s been encouraging to see them take a lead in utilising the tool we provided to undertake the analysis themselves. This allowed our role to reduce to more of an advisory/support one. Which is great, as capability development is a key focus and passion of ours.
We also recently started working with another consultancy firm to undertake the criticality analysis for another major water utility.
Earlier this year Director Geoff Hales had the opportunity to present on this subject, with one of our clients, at AMPeak2019. A key part that appeared to be particularly well received was how to get past some of the common stumbling blocks with undertaking criticality analysis.