Asset management: whole life cost or value?

Date 01 October 2008

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Time

09:00 - Registration and refreshments
16:30 - Close

Location

The IET, Savoy Place, London, UK

Speakers include

Kevin Sherrington-Lodge, Strategy and Business Excellence Executive, Rolls Royce
Steve Priddy, Director of Technical Policy and Research, ACCA
Barry Hatton, Director of Capital Programme, EDF Energy
Gareth Jenkins, Head of Asset Management, Network Rail
Zoe Newall, Assistant Head of Accounting Policy, E&P, BP
Chris Hurst, Director, Operational Engineering, GlaxoSmithKline
Tony Golborn, Environment & Compliance Manager – Adaptation to Climate Change, London
Underground
Clive Deadman, Director of Business Change - WCAM, United Utilities
John Woodhouse, Managing Director, The Woodhouse Partnership

Learn how to

factor sustainability into asset budgets
integrate asset management into capital planning
overcome the finance/engineering language barrier

Introduction

In a worsening economic climate, pressure is mounting within organisations to ensure that all costs lead to the generation of value.

This seminar brings together financial controllers and engineers to tackle this challenge in relation to the financial management of major physical assets.

Speakers will detail strong coordinated approaches to asset investment – practices which ensure sustainable performance at an affordable price.

Find out about Rolls Royce’s new system for integrating asset management into its capital planning.

Presenters from BP and the ACCA will give the accountant’s perspective on balancing whole life costing principles with the broader financial needs of the business.

GlaxoSmithKline, London Underground and EDF will share how they are factoring sustainability into asset budgets in alignment with their corporate responsibility objectives.

Network Rail will take attendees through how they developed a PAS 55 based asset management framework that streamlines decision making by focusing on organisational objectives.

Team learning

This seminar aims to bring asset management teams together. To this end, we are offering a special package to help rally the troops:

Bring a group of five for a 15% discount

Who should attend?

This seminar will benefit professionals working in asset rich organisations in the following or similar job roles.

Directors/Managers/Heads of:

Asset management
Engineering
Upgrade/maintenance
Risk
Operations
Facilities
Services strategy
Development engineering
Strategy
Business
Technical
Finance
Accounting
Corporate cost

It will also be relevant to regulators, consultants and academics working in financial or asset management fields. The “assets” this seminar is concerned with are major physical infrastructure and equipment rather than financial or other assets.

This event has now taken place.

You are no longer able to register for this event.

Cost

	Early bird rate For registration on or before 01 August 2008	Standard rate For registration after 01 August 2008
Member	£245.00 (+ £42.88 VAT = £287.88)	£295.00 (+ £51.63 VAT = £346.63)
Non member	£295.00 (+ £51.63 VAT = £346.63)	£345.00 (+ £60.38 VAT = £405.38)
Student* /retired	£105.00 (+ £18.38 VAT = £123.38)	£105.00 (+ £18.38 VAT = £123.38)

* Please note that all students must have their applications endorsed by their Professor or Head of Department

Programme

09:30	Opening Address Chair: Chris Knowles, Vice Chair, Asset Management TPN Executive Team IET
09:40	Bringing Assets to the Boardroom: Navigating the Terminology Minefield Defining asset management related risk in the language of the FD How financial controllers write budget submissions: terms and considerations Presenting asset management as an essential part of business assurance Richard Edwards, Chair, Asset Management TPN Executive IET
10:10	Best Practice Asset Management in Major Project Delivery Building whole life asset management requirements using a capability acquisition perspective Making better investment decisions by capturing and using operational knowledge Balancing financial, technical and risk aspects to meet the needs of the business Managing change during a major asset management project Kevin Sherrington-Lodge, Strategy and Business Excellence Executive, Supply Chain Planning & Control Rolls Royce
10:50	Refreshments
11:20	Case Study Developing and Asset Management Framework for Sustainable Performance Linking corporate objectives to frontline delivery Adopting a PAS 55-based approach to asset management Implementing a system for asset management governance to avoid conflicts on asset investment decisions Gareth Jenkins, Head of Asset Management Network Rail
12:00	Debate Financial Constraints Imposed by Stakeholders and the Whole Life Approach of the Asset Manager are Diametrically Opposed Chair: Nick Smith, Management Section Editor E&T Magazine Steve Priddy, Director of Technical Policy and Research ACCA Clive Deadman, Director of Business Change – WCAM United Utilities John Woodhouse, Managing Director The Woodhouse Partnership
12:40	Lunch
13:40	What do Investors Look for in Asset Rich Companies? How investors assess the asset management capability of a business What is the investor’s view of risk in relation to assets? What emphasis does an investor put on whole life costing? Niall Mills, Senior Asset Manager, Infrastructure Investment First State Investments
14:20	Case Study Investment for Climate Change and Energy Reduction at GSK Introduction of life cycle costing thinking into capital investments Climate change and energy reduction – moving the goalposts How it works in practice – CAPEX, OPEX and investment prioritisation Chris Hurst, Director of Operational Engineering GlaxoSmithKline
15:00	Refreshments
15:30	Panel Discussion A Climate for Change: Accounting for Sustainable Assets How are businesses planning to adapt for climate change and sustainability? How do we make a sustainable environmental approach a key financial driver? What will be the likely outcomes for investment in and maintenance of assets? Barry Hatton, Director of Capital Programme EDF Energy Tony Golborn, Environment & Compliance Manager – Adaptation to Climate Change London Underground Zoe Newall, Assistant Head of Accounting Policy, E&P BP
16:30	Close