Asset Management
Lynnwood assists clients with capital asset management which ranges from defining the governance requirements required to manage capital assets, through to how best to structure the asset management organisation on how to manage and operate their capital assets on a day-to-day basis.
An important element to the success in working with clients is to gain a thorough understanding of a number of elements in support of capital asset management, including:
Clients also increasingly need to understand the medium and long term cost implications of the management of their assets, and a number of cost models have been developed to provide this information and to assist organisations to make better decisions about the management and maintenance of capital assets.
An important element to the success in working with clients is to gain a thorough understanding of a number of elements in support of capital asset management, including:
- the organisation responsible for ownership, governance, management and delivery;
- the people working across the different areas within the organisation;
- the policy and procedures that govern the activities of the asset management organisation;
- the assets and associated infrastructure i.e. what are the assets under management;
- the management of performance of the assets and the asset management organisation; and
- the finances associated with the assets, including procurement, maintenance and operation, and disposal.
Clients also increasingly need to understand the medium and long term cost implications of the management of their assets, and a number of cost models have been developed to provide this information and to assist organisations to make better decisions about the management and maintenance of capital assets.
Case Studies
Building Maintenance Cost Estimator
Building Maintenance Improvement
An Australian University is responsible for the management of a large number of buildings, with many of the building constructed in the early 1900s. A recent initiative to reduce the backlog maintenance led to the University securing funds to remediate the condition of many of the buildings.
Historically one of the best ways to determine the outstanding backlog was to conduct physical inspections of all the buildings. However, this can be a costly and time consuming process and the University required a less costly, but still accurate approach with which they could track actual maintenance expenditure against benchmark spend, to estimate the remaining backlog liability.
Lynnwood developed a software model enabling the users to estimate future maintenance expenditure. The application calculates the building maintenance backlog liability based on historical spend compared to benchmark spend patterns. This application is now enabling the University to focus on the most important buildings requiring remediation and include the required funding as part of their annual budgeting process.
Historically one of the best ways to determine the outstanding backlog was to conduct physical inspections of all the buildings. However, this can be a costly and time consuming process and the University required a less costly, but still accurate approach with which they could track actual maintenance expenditure against benchmark spend, to estimate the remaining backlog liability.
Lynnwood developed a software model enabling the users to estimate future maintenance expenditure. The application calculates the building maintenance backlog liability based on historical spend compared to benchmark spend patterns. This application is now enabling the University to focus on the most important buildings requiring remediation and include the required funding as part of their annual budgeting process.
This NSW University is responsible for the management of a diverse range of fixed assets across a number of campuses. This responsibility includes the maintenance of a large number of buildings with replacement value in excess of $1Billion.
The maintenance of these buildings are coordinated by the maintenance planning department. With changes in business operating models, including the implementation of a number of maintenance contracts, the University required a review of the maintenance planning area with the aim to increase the effectiveness and efficiency of planning activities.
Lynnwood conducted a review of the operations, which included the identification of issues, opportunities for improvement, and development of an operational improvement plan.
This improvement plan assisted with the development of a Maintenance Planning business plan, which provided the basis for a range of improvements to the maintenance services at the University.
The maintenance of these buildings are coordinated by the maintenance planning department. With changes in business operating models, including the implementation of a number of maintenance contracts, the University required a review of the maintenance planning area with the aim to increase the effectiveness and efficiency of planning activities.
Lynnwood conducted a review of the operations, which included the identification of issues, opportunities for improvement, and development of an operational improvement plan.
This improvement plan assisted with the development of a Maintenance Planning business plan, which provided the basis for a range of improvements to the maintenance services at the University.
Mining Feasibility Study
Equipment Maintenance Plans
As part of a definitive mining feasibility study a mining company required the development of an integrated cost model for the underground operations. The cost model needed to cover both capital and operational expenditure, including initial construction and ongoing operation over a 50 year life of mine.
The cost model covered both capital and operational expenditure by integrated the outputs from a mine planning model and a capital equipment model, to simulate the capital cost over the 50 year life, including timing of capital cash flows. The operational model incorporated both mining operational and maintenance costs. This required simulation of the frequency of major maintenance events through to the consumption of mining consumables based on mining production rates.
The outputs from the cost model for the underground operations were integrated into an overall cost model for the total mine operations, which was used to determine whether it was feasible to continue with the mining project i.e. secure the necessary funding to construct and operate the mine.
The cost model covered both capital and operational expenditure by integrated the outputs from a mine planning model and a capital equipment model, to simulate the capital cost over the 50 year life, including timing of capital cash flows. The operational model incorporated both mining operational and maintenance costs. This required simulation of the frequency of major maintenance events through to the consumption of mining consumables based on mining production rates.
The outputs from the cost model for the underground operations were integrated into an overall cost model for the total mine operations, which was used to determine whether it was feasible to continue with the mining project i.e. secure the necessary funding to construct and operate the mine.
A number of open cut coal mining companies required support to improve the maintenance on their mobile equipment.
Lynnwood works closely with the relevant maintenance teams to review and update the maintenance service sheets and supporting material requirements to ensure that the maintenance conducted meets OEM requirements.
Maintenance services sheets were developed and implemented for a range of mining equipment from excavators, mine haul trucks through to water pumps.
The services sheets and maintenance spares were coordinated with the relevant equipment and spares suppliers to ensure that the supply chain was aligned with the new site equipment maintenance requirements.
Lynnwood works closely with the relevant maintenance teams to review and update the maintenance service sheets and supporting material requirements to ensure that the maintenance conducted meets OEM requirements.
Maintenance services sheets were developed and implemented for a range of mining equipment from excavators, mine haul trucks through to water pumps.
The services sheets and maintenance spares were coordinated with the relevant equipment and spares suppliers to ensure that the supply chain was aligned with the new site equipment maintenance requirements.