TRANSCO is a subsidiary of the Abu Dhabi Water and Electricity Authority (ADWEA) whose core business is the planning, construction and operation of a safe, reliable and efficient water and electricity transmission network within Abu Dhabi and, where required, the UAE. TRANSCO operates over 6,800km of power lines and 3,300km of water pipes transmitting over 48,500GWh of power and 250,000MIG of water annually. So the efficient and effective management of physical assets over their whole life cycles is central to the organization’s success.
Dr Abdullah Al Suwaidi, chairman of TRANSCO commented: “The development of asset management capability within the company over the last 5 years has transformed the business, notwithstanding the tough road requiring focused and dedicated teamwork. Looking forward, this will enable TRANSCO to achieve the company’s vision and will help contribute to the Abu Dhabi 2030 Master Plan.”
BSI PAS 55 was originally published in May 2004 and was the first Publicly Available Specification for the optimal management of physical assets. It has been implemented across a variety of industry sectors including transportation, energy exploration and extraction and now power generation.
The development of this asset management capability, and its application within TRANSCO, has been achieved with excellent cross functional teamwork within the organization, supported by a team of experts from Halcrow International and The Woodhouse Partnership (TWPL). This collaboration provided the necessary best practice guidance, multi-disciplined coaching, leadership support, documentation and specialist leading-edge expertise in PAS 55 and asset management system integration. Key tasks included the development and implementation of criticality-based strategic planning processes, capital project delivery, asset health reviews, cost/risk decision-making and continual improvement practices, all directly aligned with the Transco and Abu Dhabi Master Plans.
TRANSCO has now been audited and certified by SKM against the 28 point PAS 55-1:2008 requirements specification. TRANSCO chose SKM as the auditor because of its robust approach to certification; drawing on a blend of asset management experience and technical knowledge, and reinforced by IAM formal endorsement as a PAS 55 assessor.
About PAS 55
PAS 55 - is a British Standard’s requirements specification for the optimal management of physical assets. First published in 2004, it is rapidly becoming an accepted international benchmark for good practice in whole life cycle, optimised asset management. The 2008 update involved contributions from 50 organisations from 15 industries in 10 countries. In November 2009 the International Standards Organisation agreed to adopt it as the basis for a forthcoming ISO standard (55000) for good practices in asset management. See www.PAS55.net
Halcrow International Partnership Ltd is a globally renowned multi-disciplinary consultancy with a hugely diverse range of design, engineering and business skills that focuses on the big issues society faces today (water, energy and transportation) and how these fit sustainably into the world around us. With 6,000 employees operating out of 98 offices around the globe, Halcrow utilises its asset management experts to help organisations optimize the life and value of their assets through cost-efficient solutions for investment, management, repair and replacement, thus minimizing risk so clients can build their businesses with confidence. See www.Halcrow.com
The Woodhouse Partnership Ltd (TWPL) is a consortium of former senior managers of blue-chip organisations, each with over 20 years of first hand experience in complex industrial asset management. It is a world-leading authority and source of expertise and education in the optimal, sustainable management of physical assets. The company has offices in the UK, USA and Latin America, with clients in over 25 countries, covering most industry sectors. See www.TWPL.com
Sinclair Knight Merz (SKM) is a leading projects firm, with global capability in strategic consulting, engineering and project delivery. It operates in three regions: EMEA (Europe, Middle East & Africa), Asia Pacific, and the Americas deploying some 6,500 people from more than 40 offices while serving the Buildings and Infrastructure, Mining and Metals, Power and Energy and Water and Environment sectors. See www.globalskm.com